News: GBT GBST Holdings Proposed That FNZ Will Acquire 100% Of Shares In GBST

July 29 (Reuters) - GBST Holdings Ltd (GBT) :

• PROPOSED THAT FNZ WILL ACQUIRE 100% OF SHARES IN GBST BY WAY OF A SCHEME OF ARRANGEMENT
• GBST SHAREHOLDERS TO RECEIVE A$3.85 IN CASH PER SHARE
• GBST DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• SCHEME CONSIDERATION VALUES EQUITY OF GBST AT ABOUT A$269 MILLION
• GBST HOLDINGS - UNDER DEED, GBST IS PERMITTED TO PAY A FULLY FRANKED SPECIAL DIVIDEND OF UP TO A$0.35 PER SHARE PRIOR TO IMPLEMENTATION OF SCHEME

Source text http//reut.rs/32U5sKs

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