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News: CLT Cellnet Group Announces Proposed Acquisition By Wentronic

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    12/05/23
    11:35
    Post #: 67740628

    May 12 (Reuters) - Cellnet Group Ltd (CLT) :

    • PROPOSED ACQUISITION OF CELLNET BY WENTRONIC
    • ENTERED SID WITH WENTRONIC HOLDING FOR ACQUISITION OF CO'S SHARES AT 2.7 AU CENTS PER SHARE
    • INDEPENDENT BOARD COMMITTEE UNANIMOUSLY RECOMMENDS PROPOSED ACQUISITION BY WENTRONIC
    • SID WITH AN IMPLIED EQUITY VALUE OF ABOUT A$6.6 MILLION
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