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News: CHR Qube Holdings Intends To Make Takeover Bid For Chalmers

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    28/06/19
    09:35
    Post #: 39281461

    June 28 (Reuters) - Qube Holdings Ltd (QUB) :

    • INTENDS TO MAKE TAKEOVER BID FOR CHALMERS LIMITED
    • VALUES CHALMERS AT ABOUT $60 MILLION WITH ANY CASH COMPONENT TO BE FUNDED FROM EXISTING QUBE DEBT FACILITIES
    • INTENDS TO OFFER HOLDERS OF CHALMERS SHARES OPTION TO ELECT TO RECEIVE EITHER FOR EACH CHALMERS SHARE 2.31 QUBE SHARES OR $6.50 CASH
    • CHALMERS BOARD INTENDS TO UNANIMOUSLY RECOMMEND THAT CHALMERS SHAREHOLDERS ACCEPT OFFER IN ABSENCE OF A SUPERIOR PROPOSAL

    Source text: (http://tinyurl.com/yxjd23h3)

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