Bell Financial Group's acquisition proposal

Bell Financial Group (ASX:BFG) has submitted a non-binding indicative proposal to acquire all shares of SelfWealth Ltd (ASX:SWF) at a price of $0.22 per share. SelfWealth shareholders can choose to receive payment in cash or in Bell shares. The acquisition is intended to be carried out through a scheme of arrangement, with SelfWealth's board showing interest in the proposal.

Overview of Bell Financial's strategic proposal

Bell Financial Group has proposed to acquire SelfWealth at a premium price of $0.22 per share, valuing the company at approximately $51 million. The deal, which offers a significant premium over recent share prices, includes an exclusivity period during which SelfWealth and Bell will negotiate the terms of a binding offer. The proposal is seen as beneficial to SelfWealth shareholders, offering value and potential synergies. Bell aims to integrate SelfWealth into its Technology & Platforms business, enhancing its scale and capabilities. The acquisition is subject to several conditions, including board recommendation and no adverse changes to SelfWealth's business. Shareholders are advised to await further updates, as the proposal may not result in a binding agreement.

Executive insights on acquisition proposal

Christine Christian AO, Chair of SelfWealth, expressed the proposal’s potential benefits for shareholders and clients. Brian Wilson AO, Chair of Bell, highlighted the strategic importance of the acquisition for Bell's business growth.