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