Fortbridge Media ReleaseQMASTOR Limited [ASX: QML] - Takeover offer from Triple Point Technology, Inc.QMASTOR Limited (AX: QML) has received an unsolicited, cash offer from Triple Point Technology, Inc. (TPT) to acquire all of the shares in QML at a price of $0.23 per share in cash.
The Board of Directors of QML believes that the proposal significantly undervalues the company.
QML Shareholders are advised to take no action in relation to the Offer or any approach from, or document received from TPT until they receive the Directors formal recommendation in relation to the Offer.
The Directors will keep QML Shareholders fully informed of further developments as they occur and provide a formal recommendation in ample time for Shareholders to make an informed decision.
QML is being advised by InterFinancial Corporate Finance and Thynne & Macartney.
For further information, please contact:
Trent Bagnall
Managing Director
QMASTOR Limited
Phone +61 (2) 4908 2222
Email:
Media/Investor Enquiries:
Bill Kemmery
Fortbridge Consulting
T: +61 2 9331 0655
M: +61 400 122 449
Email: