March 16 (Reuters) - Astivita Ltd (AIR) :
- SIGNED A BINDING BID IMPLEMENTATION AGREEMENT WITH ASTIVITA LIMITED
- TO OFFER 1 FULLY PAID ORDINARY SHARES IN TAMAWOOD FOR EVERY 5 ASTIVITA SHARES HELD
- TAMAWOOD WILL SEEK TO ACQUIRE 100% OF ISSUED CAPITAL OF ASTIVITA THROUGH AN OFF-MARKET TAKEOVER OFFER