Integral Diagnostics Limited (ASX:IDX) agreed to acquire Capitol Health Limited (ASX:CAJ) for approximately AUD 350 million on June 17, 2024. The consideration consists of common equity of Integral Diagnostics Limited at a ratio of 0.12849 per common equity of Capitol Health Limited. As per the transaction, Integral and Capitol shareholders would be expected to own
approximately 63% and 37% respectively of the combined entity. The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders, due diligence investigation and subject to court approval. Barrenjoey Capital Partners and Jefferies (Australia) Pty Ltd acted as financial advisors and Herbert Smith Freehills acted as legal advisor to Integral Diagnostics Limited. Citigroup Global Markets Australia Pty Limited acted as financial advisor and Maddocks Inc. Pty Ltd. acted as legal advisor to Capitol Health Limited.