News: GNC Graincorp Says Has Received Non-Binding, Indicative Proposal From Long-Term Asset...

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    Dec 3 (Reuters) - Graincorp Ltd (GNC) :

    • HAS RECEIVED A NON-BINDING, INDICATIVE PROPOSAL FROM LONG-TERM ASSET PARTNERS PTY LTD
    • PROPOSAL INVOLVES AN ACQUISITION, VIA SCHEME OF ARRANGEMENT, OF 100% OF SHARES IN GRAINCORP FOR CASH CONSIDERATION OF $10.42 PER SHARE
    • CO'S BOARD HAS DETERMINED WILL ENGAGE WITH LTAP IN CONTEXT OF ONGOING PORTFOLIO REVIEW TO ASSESS MERITS OF LTAP PROPOSAL
    • BOARD NOTES PROPOSAL INVOLVES SIGNIFICANT LEVERAGE OF $3.2 BILLION ACQUISITION FACILITIES FROM GOLDMAN SACHS,$400 MILLION FROM WESTBOURNE CAPITAL

    Source text (http//reut.rs/2EbbvRQ)

    (([email protected];))

 
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Last
$8.86
Change
0.160(1.84%)
Mkt cap ! $1.955B
Open High Low Value Volume
$8.70 $8.86 $8.67 $2.601M 296.0K

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No. Vol. Price($)
29 2916 $8.85
 

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Price($) Vol. No.
$8.86 4524 11
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