Financial Wire

Australian United Investment Says Merger With Australian United Investment Becomes Effective

-- Diversified United Investment (ASX:DUI) said that the scheme of arrangement under which it will merge with Australian United Investment Company (ASX:AUI) was now legally effective, according to a Tuesday Australian bourse filing.

Diversified United lodged the orders of the Federal Court of Australia with the Australian Securities and Investments Commission.

The scheme is expected to be implemented on April 30. Eligible Diversified United shareholders will be entitled to receive the scheme consideration of around 0.4724 new Australian United Investment shares for each Diversified United share held as of Thursday, April 23.

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