March 17 (Reuters) - Astivita Ltd (AIR) :
- ENTERS INTO BID IMPLEMENTATION AGREEMENT WITH TAMAWOOD LIMITED
- BID ON BASIS OF ISSUE OF 1 SHARE IN TAMAWOOD FOR EVERY 5 SHARES IN ASTIVITA
- ASTIVITA SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AT CURRENT TIME
- OFFER IS SUPPORTED BY ASTIVITA'S MAJORITY SHAREHOLDER THROUGH ASSOCIATED ENTITIES