Novomatic fails to secure Ainsworth takeover approval threshold
Novomatic’s bid to take Ainsworth private closed on 6 February without reaching the required 75% approval threshold, according to a report citing Ainsworth’s ASX filing. The company had offered A$1.00 per share; Novomatic reported a 66.59% stake as of 29 January. Ainsworth also lowered its FY25 underlying-profit forecast to A$21.0 million from A$21.5 million.
The failed bid leaves Ainsworth’s ownership structure unchanged and provides investors with revised profit guidance.