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Equity Trustees considers Diversa acquisition

Equity Trustees considers Diversa acquisition

Taylee Lewis
— 1 minute read

Equity Trustees Limited (EQT) has submitted a preliminary proposal to acquire financial services firm Diversa.

In a statement to the ASX, Diversa confirmed that an “unsolicited, confidential, non-binding, indicative proposal” from EQT regarding a possible acquisition was received.  

According to an EQT-issued statement, the company considers a range of potential acquisitions “from time to time”.

However, “there have been no significant developments since providing the proposal and no contractual arrangements have been entered into,” the statement said.

“As part of these considerations, EQT enters into preliminary discussions with various entities and often determines an indicative value based on publicly available information,” said EQT.  

In its statement to the ASX, Diversa reinforced that it has not entered into any arrangements, binding or otherwise, with EQT.

 

Equity Trustees considers Diversa acquisition
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