EBOS Group Limited has completed its acquisition of the minority shares in Terry White Group Limited (PD breaking news 24 Dec 2018), meaning TWG is now a wholly owned subsidiary of EBOS.
The $50 million transaction was first announced on 19 Oct last year and has seen EBOS acquire the TWG shares it did not already hold via a Scheme of Arrangement.
TWG shareholders received $3.55 per share, with the deal said to "enable Terry White Group and the TerryWhite Chemmart pharmacy network to achieve the scale and strength required to fulfil its potential to become Australia's favourite pharmacy brand".
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