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Mooter Media posts documents for Entellect bid

Mooter Media posts documents for Entellect bid

Digital media company Mooter Media (ASX:MMZ) has despatched its bidder's statement for its proposed Entellect Solutions (ASX:ESN) takeover.

Mooter Media is offering two MMZ shares, one option at $0.015 and one option at $0.05 for every 40 shares of the educational software developer.

The company first made the offer in August. At the time, Entellect advised shareholders to take no action.

MMZ shares are today trading $0.001 higher at $0.008, while ESN shares are unchanged at $0.002.

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Tags EntellectMooter MediaASX:MMZASX:ESNMergers and acquisitions

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