Feb 26 (Reuters) - Superloop Ltd (SLC) :
- REJECTION OF INDICATIVE AND NON-BINDING PROPOSAL
- BELIEVES THAT INDICATIVE PROPOSAL IS OPPORTUNISTIC AND FUNDAMENTALLY UNDERVALUES SUPERLOOP
- PROPOSED PURCHASE PRICE WILL BE ADJUSTED FOR ANY DIVIDENDS OR CAPITAL RETURNS MADE BY SUPERLOOP PRIOR TO TRANSACTION
- BOARD DOES NOT INTEND TO ENGAGE WITH ABB ON INDICATIVE PROPOSAL
- UNDER TERMS OF INDICATIVE PROPOSAL, SUPERLOOP SHAREHOLDERS TO RECEIVE 0.21 ABB SHARES FOR EACH SUPERLOOP SHARE HELD
- INDICATIVE PROPOSAL IMPLIES VALUE OF A$0.95 PER SUPERLOOP SHARE
- REJECTION OF INDICATIVE AND NON-BINDING PROPOSAL FROM AUSSIE BROADBAND
News: ABB Superloop Says Rejection Of Indicative And Non-Binding Proposal From Aussie Broadband
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