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News: GBT GBST Holdings Updates On FNZ Proposal

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    26/07/19
    11:30
    Post #: 39706261

    July 26 (Reuters) - GBST Holdings Ltd (GBT) :

    • RECEIVED FURTHER PROPOSAL FROM KIWI HOLDCO CAYCO, TO ACQUIRE 100% OWNERSHIP OF GBST AT A$4.00 CASH PER SHARE
    • INFORMED THAT FNZ PROPOSAL HAD EXPIRED, BUT HAD BEEN REPLACED WITH A NEW PROPOSAL AT A$3.90 PER SHARE
    • BOARD FORMED THE VIEW THAT PROPOSAL FROM FNZ EFFECTIVELY INCAPABLE OF BEING ACCEPTED
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