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BRIEF-Veda says receives NZ OIO approval of Equifax inc's proposed acquisition of company

Published 28/01/2016, 12:20 pm
© Reuters. BRIEF-Veda says receives NZ OIO approval of Equifax inc's proposed acquisition of company
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Jan 27 (Reuters) - Veda Group Ltd VED.AX :

* NZ OIO approval received VED.AX

* Consent from the NZ OIO was the final regulatory approval required under the scheme

* Says directors of Veda continue to unanimously recommend that Veda shareholders vote in favour of the scheme

* Also intend to vote any Veda shares in their control in favour of the scheme, in the absence of a superior proposal.

* Veda shareholders will receive a cash payment of A$2.825 per Veda share on the implementation date

* Scheme subject to approval of veda's shareholders at meeting to be held on Monday, 8 February 2016 and approval of federal court of Australia

* Nz OIO provided notification that it consents to Equifax (N:EFX) inc's proposed acquisition of 100% of the shares in Veda via a scheme of arrangement

Source text for Eikon ID:nASX8GVCYM

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