The Qoria Board has unanimously rejected an unsolicited, conditional, and non-binding proposal from K1 Investment Management to acquire all issued share capital of Qoria for $0.40 per share, citing the offer significantly undervalues the company and does not align with its status as a global leader in child safety and wellbeing, its growth prospects, or its current financial position.
Qoria, emphasizing its commitment to shareholder value, will not engage with K1 regarding the proposal and advises shareholders to take no action, while continuing to keep the market updated on any significant developments.
ASX Code: QOR
This news was based on the ASX announcement dated 8/4/24