AZI altamin limited
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News: AZI Altamin Says Board Recommends To Reject V B S Exchange's Takeover Bid

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    10/05/22
    08:35
    Post #: 61303978

    May 10 (Reuters) - Altamin Ltd (AZI) :

    • ALTAMIN BOARD RECOMMENDATION TO REJECT TAKEOVER BID
    • V B S EXCHANGE PTY ANNOUNCED AN OFF-MARKET TAKEOVER OFFER OF CO FOR CASH CONSIDERATION OF A$0.095 PER SHARE
    • INTENDS TO RECOMMEND THAT SHAREHOLDERS REJECT VBS TAKEOVER OFFER
    • VBS TAKEOVER OFFER PROVIDES "AN INSUFFICIENT PREMIUM" FOR CONTROL OF ALTAMIN
    • SINCE OFFER WAS ANNOUNCED VBS STOOD IN MARKET TO ACQUIRE ADDITIONAL SHARES BEFORE VBS TAKEOVER OFFER OPENS
    • CONSIDERING A RANGE OF POTENTIAL ALTERNATIVES, INCLUDING CORPORATE AND ASSET-LEVEL TRANSACTIONS
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