LandMark White offers $10.3m for Taylor Byrne

LandMark White offers $10.3m for Taylor Byrne

LandMark White (ASX: LMW) continues its consolidation push in property valuation with a $10.3 million cash and scrip takeover bid for Taylor Byrne, a Brisbane-based company with 25 offices nationwide.

The move comes just over a year after the Sydney-headquartered group acquired another rival MVS for $35 million.

LMW has offered Taylor Byrne's shareholders around 11 per cent in the company with close to 8.6 million shares at a deemed value of $0.60 per security, along with $5.15 million in cash.

If approved by shareholders and the Australian Securities and Investments Commission (ASIC), one consideration share in LMW will be given for every 15.111 shares held in Taylor Byrne.

LandMark White currently has more than 40 offices across Australia and more than 300 staff, offering a wide range of services which include commercial and residential valuations, research and property advice. 

Taylor Byrne has 25 offices and works throughout Queensland and New South Wales along with regular valuations in the Northern Territory and the Kimberly region in Western Australia.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Cannon-Brookes launches shareholder campaign against AGL demerger

Cannon-Brookes launches shareholder campaign against AGL demerger

Australian billionaire and Atlassian co-founder Mike Cannon-Brookes...

Action film The Fall Guy starring Ryan Gosling to inject $244m into the Australian economy

Action film The Fall Guy starring Ryan Gosling to inject $244m into the Australian economy

The Australian economy is expected to receive a $244 million inject...

CVC finds Brambles takeover un-pallet-able, exits talks

CVC finds Brambles takeover un-pallet-able, exits talks

Just one day after reusable pallet, crate and container company Bra...

Clear Dynamics secures $35m to grow AI-enabled automated coding solution aieos

Clear Dynamics secures $35m to grow AI-enabled automated coding solution aieos

After increasing its customer base four-fold over the past 12 month...