News: APM APM Human Services International Says Got A Revised Offer Of A$2.0 Cash Per Share From CVC

Feb 28 (Reuters) - APM Human Services International Ltd (APM) :

• UPDATED NON-BINDING ACQUISITION PROPOSAL RECEIVED FROM CVC
• GOT A REVISED CONDITIONAL, INDICATIVE, NON-BINDING OFFER OF A$2.00 CASH PER SHARE FROM CVC ASIA PACIFIC LIMITED
• IBC AND FULL BOARD DETERMINED IT IS IN BEST INTERESTS OF APM'S SHAREHOLDERS TO RE-ENGAGE WITH CVC
• UNDER REVISED PROPOSAL, EXPECTED NEW ENTITY WHOLLY-OWNED BY CVC FUNDS WILL HOLD 33% OF HOLDCO SHARES
• IBC AND FULL BOARD DETERMINED IT IS IN BEST INTERESTS TO GRANT CVC A FOUR-WEEK PERIOD OF EXCLUSIVITY TO 27 MARCH
• UNDER REVISED PROPOSAL, EXPECTED THAT NEW ENTITY WHOLLY-OWNED BY CVC FUNDS WILL HOLD ABOUT 33% OF HOLDCO SHARES