Terry White Group now part of EBOS

Pharmacy Daily - - Front Page -

EBOS Group Lim­ited has com­pleted its ac­qui­si­tion of the mi­nor­ity shares in Terry White Group Lim­ited (PD break­ing news 24 Dec 2018), mean­ing TWG is now a wholly owned sub­sidiary of EBOS.

The $50 mil­lion trans­ac­tion was first an­nounced on 19 Oct last year and has seen EBOS ac­quire the TWG shares it did not al­ready hold via a Scheme of Ar­range­ment.

TWG share­hold­ers re­ceived $3.55 per share, with the deal said to “en­able Terry White Group and the Ter­ryWhite Chem­mart phar­macy net­work to achieve the scale and strength re­quired to ful­fil its po­ten­tial to be­come Aus­tralia’s favourite phar­macy brand”.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.