re: Ann: Toho Proposal Recommended at 24 cent... Sydney -...

re: Ann: Toho Proposal Recommended at 24 cent... Sydney - Tuesday - April 27: (RWE Australian Business News) -
CBH Respurces' (ASX:CBH) independent committee has unanimously
recommended the takeover proposal from Toho Zinc of 24c a share.
Stephen Dennis, managing director of CBH, said: "This offer from
CBH's major shareholder, Toho, is very attractive for CBH shareholders,
particularly when compared to previous proposals received recently by
the Company. It is particularly noteworthy that the Toho Offer is above
the Independent Expert's valuation range of $0.187 to $0.232 per share."

ENDS