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AdultShop.com Reports Sexyland Intention to Make Takeover Offer
Thursday October 8, 2009, 4:12 pm

Original Announcement: Sexyland Intention to make Takeover Offer

AdultShop.com reported that Sexyland Australia announced its intention to make takeover offer for all of the issued capital and options in AdultShop.com. The offer will be a cash offer at $0.0084 for each ASC share on a fully diluted basis which is after the effect of the Non Renounceable Entitlement Issue. Sexyland will fund the acquisition from its cash reserves and a committed bank facility.

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