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Blackmores $1.9b buyout price is ‘fair and reasonable’: expert

Simon Evans
Simon EvansSenior reporter
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An independent expert report has concluded the $95 per share buyout bid for vitamins group Blackmores by Japanese conglomerate Kirin is “fair and reasonable”.

The scheme booklet for the $1.9 billion Blackmores takeover was released on Thursday, with independent expert Kroll Australia putting a value of between $89 to $102 per share on the company.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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    Original URL: https://www.afr.com/companies/retail/blackmores-1-9b-buyout-price-is-fair-and-reasonable-expert-20230608-p5df6h