Oct 30 (Reuters) - COG Financial Services Ltd (COG) :
- CONFIRMS THAT IT HAS MADE A NON-BINDING INDICATIVE OFFER TO ACQUIRE DIVERGER LIMITED
- BELIEVES PROPOSED TRANSACTION IS IN BEST INTERESTS OF BOTH SETS OF SHAREHOLDERS
- TO FUND A$10M OF CASH CONSIDERATION UNDER DEAL, WOULD UNDERTAKE CAPITAL RAISE, TO BE FULLY UNDERWRITTEN BY ORD MINNETT
- OFFER FOR A$1.41 PER SHARE, MADE UP OF CASH OF A$0.68 PER SHARE AND A$0.73 OF COG SCRIP