April 14 (Reuters) - Capral Ltd (CAA) :
- RECEIVED A CONFIDENTIAL NON- BINDING INDICATIVE PROPOSAL FROM ALLEGRO FUNDS PTY
- ALLEGRO FUNDS TO ACQUIRE 100% OF SHARES IN CAPRAL FOR $7.00 CASH PER SHARE
- BOARD CONSIDERS THAT PROPOSAL HAS POTENTIAL TO PROVIDE SHAREHOLDERS WITH A LIQUIDITY EVENT
- IN ORDER TO FACILITATE DUE DILIGENCE PROCESS, CAPRAL AND ALLEGRO HAVE ENTERED INTO A PROCESS DEED
- CONCLUDED IT IS IN BEST INTERESTS OF CO'S SHAREHOLDERS TO ALLOW ALLEGRO TO PROCEED WITH ITS DUE DILIGENCE INVESTIGATIONS
- CONCLUDED IT IS IN BEST INTERESTS OF CO'S SHAREHOLDERS TO ENGAGE FURTHER WITH ALLEGRO TO PROGRESS PROPOSAL
- BOARD'S INTENTION TO RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED TRANSACTION IN ABSENCE OF A SUPERIOR PROPOSAL
- BOARD NOTES THAT THERE IS NO CERTAINTY THAT A BINDING OFFER WILL BE FORTHCOMING OR THAT PROPOSAL WILL RESULT IN A TRANSACTION OCCURRING
News: CAA Capral Receives Confidential Non- Binding Indicative Proposal From Allegro Funds Pty
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