iCar Asia Receives final acquisition offer from Carsome
- iCar Asia (ICQ) has received a “best and final offer price” letter share for its acquisition by Carsome
- The letter reaffirms the bid price at $0.53 per share by way of a Scheme of Arrangement
- A scheme meeting is scheduled for January 31 and the board recommends shareholders vote in favour of the bid in the absence of a superior proposal
- In the non-binding indicative proposal from July last year, the share purchase price was proposed at $0.55 in cash per share
- iCarAsia shares dropped 0.96 per cent and were trading at 51.5 cents
