SelfWealth (ASX:SWF) has determined the Bell share consideration alternative for its proposed acquisition by Bell Financial Group (ASX:BFG), according to a Monday filing with the Australian bourse.
Under the alternative, SelfWealth shareholders will receive 0.1831 Bell shares per SelfWealth share, the filing said.
The offer is subject to a pro-rata scale-back mechanism and will not be available to certain foreign shareholders, the filing added.
A scheme meeting for SelfWealth shareholders to vote on the proposed acquisition is expected before the end of March, the company said.
Shares of the company rose almost 2% in recent Monday trade, while shares of BFG fell past 1%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.