Entellect (ASX:ESN) makes bid for Yilgarn

Entellect (ASX:ESN) makes bid for Yilgarn

Educational software developer Entellect Solutions (ASX:ESN) has made a takeover bid for Yilgarn Limited.

Yilgran is an unlisted public company which develops transport infrastructure solutions for mining operations in remote locations. It currently has a holding of $3.5 million in cash and liquid assets.

The parties have entered a pre-bid agreement over the proposal.

Entellect is offering 36 shares for each share in Yilgarn for the takeover offer. After this transaction, Yilgarn shareholders will hold around 25% of Entellect.

As Entellect is itself the target of a takeover bid Entellect and Yilgarn are currently discussing how Mooter Media's (ASX:MMZ) offer impacts their plan.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsEntellectASX:ESNYilgarn

Show Comments