---
title: "Crimson Consulting Advances $0.73-a-Share Takeover Bid for Kip McGrath"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298655697.md"
description: "Crimson Consulting Australia has lodged a second supplementary bidder’s statement for its $0.73 per share off-market takeover offer of Kip McGrath Education Centres Limited (AU:KME). This filing with the Australian Securities and Investments Commission formalizes additional disclosures, marking further progress in Crimson's bid to acquire full ownership of the education services provider."
datetime: "2026-09-10T23:48:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298655697.md)
  - [en](https://longbridge.com/en/news/298655697.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298655697.md)
generator: "portal-rs"
---

# Crimson Consulting Advances $0.73-a-Share Takeover Bid for Kip McGrath

An announcement from Kip McGrath Education Centres Limited ( (AU:KME) ) is now available.

Crimson Consulting Australia Pty Ltd, a wholly owned subsidiary of New Zealand-based Crimson Consulting Limited, has issued a second supplementary bidder’s statement for its off-market takeover offer for all Kip McGrath Education Centres Limited shares it does not already own or control. The updated bidder’s statement, supporting the $0.73 per share offer, has been lodged with the Australian Securities and Investments Commission and sent to Kip McGrath, marking a further step in Crimson’s bid to acquire full ownership of the education services provider.

The lodgement of the second supplementary bidder’s statement formalises additional disclosures and clarifications around Crimson’s takeover proposal, signalling the ongoing progression of the bid process. This development may influence Kip McGrath shareholders’ evaluation of the offer terms and could affect the company’s future ownership structure and strategic direction within the education services industry.

**More about Kip McGrath Education Centres Limited**

Kip McGrath Education Centres Limited operates in the education services sector, providing tutoring and learning support through a network of centres. The company focuses on supplementary education for school-age students, positioning itself in the market as a provider of structured academic tutoring programs.

**Average Trading Volume:** 176,045

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** A$38.32M

Learn more about KME stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**