News: COG Consolidated Operations Notes CML's Termination Of Scheme Implementation Agreement With Co

March 4 (Reuters) - Consolidated Operations Group (COG) :

• NOTES THAT CML GROUPS BINDING SCHEME DEED WITH SCOTTISH PACIFIC GROUP AND CML TERMINATED AGREEMENT WITH COG
• CO PUT TO CML REVISED PROPOSAL UNDER WHICH IT INDICATED IT WAS WILLING TO INCREASE ITS INITIAL OFFER
• CO REVISED ITS BID TO AN IMPLIED VALUE OF $0.57 PER CML SHARE PLUS A 3 CENT SPECIAL DIVIDEND
• CML HAS TERMINATED SCHEME IMPLEMENTATION AGREEMENT WITH COG AND ENTERED INTO SID WITH SCOTPAC
• CONFIRMS THAT IT HAS NO CURRENT INTENTION TO VOTE ITS 17.4% INTEREST IN CML IN FAVOUR OF SCHEME WITH SCOTPAC