Original article by Tim Binsted
The Australian Financial Review – Page: 22 : 16-Sep-15

Directors of Affinity Education Group have endorsed Anchorage Capital Partners’ takeover bid, which is pitched at $A0.92 per share. Rival childcare group G8 Education will no longer pursue its bid for Affinity and will instead accept the $A212m offer from Anchorage. G8 Education had offered $A0.80 per share for Affinity, and it has built a stake of 24.6 per cent when acceptances for its offer are taken into account.

CORPORATES
AFFINITY EDUCATION GROUP LIMITED – ASX AFJ, G8 EDUCATION LIMITED – ASX GEM, ANCHORAGE CAPITAL PARTNERS PTY LTD, PETRA CAPITAL PTY LTD, ORD MINNETT GROUP LIMITED, AUSTRALIA. TAKEOVERS PANEL