Diversified United Investment sets date to vote on Australian United Investment Company merger
Make us a preferred source
Make us a preferred source on Google
The news: Diversified United Investment Limited (DUI) said shareholders will be asked to vote on its proposed merger with ASX-listed Australian United Investment Company (AUI) on 16 April 2026.
The context: In an ASX filing published after market close on Thursday, DUI said it received Federal Court approval to distribute its explanatory statement on the Scheme and to set a date to vote on the all-scrip deal.
AUI announced plans to acquire its rival DUI in January, which would see DUI shareholders receive approximately 0.4815 AUI shares for each DUI share they own. AUI already holds a 6.8% interest in DUI and has entered a call option agreement with The Ian Potter Foundation, which gives it the right to acquire a further 13.1%.
The Ian Potter foundation has been a shareholder in AUI for 71 years and in DUI for 34 years. It is “very supportive of the proposed merger of the two companies”, according to an announcement to the exchange from AUI.
AUI has a market cap of about $1.4 billion while DUI has a market cap of about $1.13 billion.
The source: ASX
