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News: BWX BWX Says Bain Consortium Requests Extension

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    27/08/18
    09:15
    Post #: 35195765

    Aug 27 (Reuters) - BWX Ltd (BWX) :

    • BAIN CONSORTIUM REQUESTS EXTENSION
    • ON AUG 24 BAIN CONSORTIUM CONFIRMED THEY HAVE SUBSTANTIALLY COMPLETED DUE DILIGENCE BUT REQUIRE UNTIL MID-SEPT TO COMPLETE THEIR WORK
    • INDEPENDENT BOARD COMMITTEE DETERMINED WILL CONTINUE DISCUSSIONS WITH BAIN CONSORTIUM TO FULLY EXPLORE POSSIBILITY OF ACCEPTABLE BINDING OFFER
    • IBC CONTINUES TO RECOMMEND THAT SHAREHOLDERS TAKE NO ACTION IN RESPECT OF THEIR BWX SHARES
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