Australian Court Approves Ardonagh's Acquisition of PSC Insurance Group

MT Newswires Live

2024/10/02

PSC Insurance Group (ASX:PSI) said Australia's Federal Court approved on Tuesday the acquisition of the company by a member of the Ardonagh Group via a scheme of arrangement for AU$6.19 per share in cash, according to a same-day filing with the Australian bourse.

PSC expects the scheme to become legally effective Wednesday and will request its shares be suspended from close of trading, the filing said.

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