D2 board unanimously recommends takeover offer
- 10 May, 2010 16:07
The board of digital marketing company D2 Marketing (ASX:DTO) has unanimously recommended that shareholders accept a $0.006 per share offer for the company.
The all-cash offer from Co-Investor Capital Partners has been determined to be fair by independent expert PKF Corporate Advisory, D2 said.
And after an extensive restructuring D2 is now a much smaller company, meaning the listing costs of being a public company are threatening earnings for the foreseeable future.
With D2 shares suspended from trading on the ASX, the company is uncertain whether it can meet the requirements to have its shares re-quoted.