Acquisition | AVANTAX INC | 28th November 2023
Initially announced on September 11, 2023 Aretec Group Inc made a cash offer for AVANTAX INC of USD 26 per AVANTAX INC share held. AVANTAX INC shareholders approved the Acquisition on November 21, 2023. Pending the completion of customary closing conditions, the Acquisition is expected to be completed on November 27, 2023. Trading in shares of AVANTAX INC is expected to be halted effective November 28, 2023.
The treatment below will be applied to the following indices:
- AVANTAX INC will be removed from the Index.
- The weight of AVANTAX INC (AVTA.OQ) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 28/11/2023
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