EQT considers a range of potential acquisitions from time to time. As part of these considerations, EQT enters into preliminary discussions with various entities and often determines an indicative value based on publicly available information.
In the context of the above, today’s market release by Diversa Limited (ASX: DVA) refers to a confidential, incomplete, non-binding, indicative proposal provided by EQT, which is subject to a number of conditions including due diligence.
There have been no significant developments since providing the proposal and no contractual arrangements have been entered into. Accordingly EQT cautions shareholders to refrain from making any decision based on an assumption that any transaction with Diversa will proceed.
In accordance with continuous disclosure obligations, EQT will keep the market updated as necessary.
Read the full ASX Announcement here.