NVT navitas limited
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News: NVT Navitas Receives Revised Proposal From BGH Consortium

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    15/01/19
    08:55
    Post #: 37114521

    Jan 15 (Reuters) - Navitas Ltd (NVT) :

    • RECEIVES REVISED NON-BINDING PROPOSAL FROM BGH CONSORTIUM AT $5.825 PER SHARE
    • BOARD INTENDS TO RECOMMEND DEAL TO SHAREHOLDERS
    • BGH CONSORTIUM TO BE GRANTED EXCLUSIVE DUE DILIGENCE UNTIL NO LATER THAN 18 FEBRUARY 2019, SUBJECT TO NO SUPERIOR PROPOSAL EMERGING
    • INTEND TO UNANIMOUSLY RECOMMEND REVISED PROPOSAL TO SHAREHOLDERS
    • NAVITAS AND BGH CONSORTIUM HAVE EXECUTED A PROCESS AND CONFIDENTIALITY DEED
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