MERLIN Entertainments Group's takeover bid for Living and Leisure Australia has gone unconditional.
So far Merlin has secured a relevant interest in 2,553,484,253 LLA Securities, representing 93.66% of interest.
Europe’s leading and the world’s second largest visitor attraction operator is offering 5.14 cents cash per security in LLA.
This acquisition will accelerate the development of Merlin Entertainments Group’s Asia Pacific operations and builds on its international expansion strategy, based on the roll out of its iconic global attraction brands.
Bruce McComish, Jolyon Dische, Michael Johnston and Guy Jalland have resigned as directors of LLA.
At the same time, Merlin executives Colin Armstrong, Edward Fuller and James Squirrell, have been appointed as directors.
PropertyReview
