Trimantium GrowthOps closes in on Asia Pacific Digital acquisition

July 30, 2018 2:36

Consulting and marketing group Trimantium GrowthOps is close to completing its takeover bid for ASX-listed marketing and digital transformation firm Asia Pacific Digital.

The company announced to the ASX today that it now controls 80% of APD’s stock, up from 15.85% last Friday and just short of the 90% required for Trimantium to compulsorily acquire the Singapore based company’s outstanding shares.

The $20 million deal announced in June saw TGO, the owner of advertising agencies AJF Partnership and Khemistry, offer one share for 8.9 of Asia Pacific Digital’s shares.

Both APD’s and Trimantium’s stock prices remain unchanged from last week, at 10c and $1.33 respectively.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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