This article is from the Australian Property Journal archive
ESTIA Health shareholders have voted in favour of the proposed acquisition the aged care operator’s $838 million takeover by Bain Capital.
Nearly the entirety of the votes cast – 99.74% – were in favour of the scheme, while 91.80% of shareholders voted in favour.
Bain will acquire Estia via Firebird BidCo Pty Ltd.
The scheme remains subject to the approval of the Court at the hearing scheduled Tuesday, 5th December 2023, and other customary conditions. Otherwise, it will become effective on 6th December, with Estia’s shares to be suspended from trading on the ASX from close of trading that day, and the scheme to be implemented on 15th December.
