GNC graincorp limited
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Dec 3 (Reuters) - Graincorp Ltd (GNC) : HAS RECEIVED A...

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    03/12/18
    08:45
    Post #: 36724563

    Dec 3 (Reuters) - Graincorp Ltd (GNC) :

    • HAS RECEIVED A NON-BINDING, INDICATIVE PROPOSAL FROM LONG-TERM ASSET PARTNERS PTY LTD
    • PROPOSAL INVOLVES AN ACQUISITION, VIA SCHEME OF ARRANGEMENT, OF 100% OF SHARES IN GRAINCORP FOR CASH CONSIDERATION OF $10.42 PER SHARE
    • CO'S BOARD HAS DETERMINED WILL ENGAGE WITH LTAP IN CONTEXT OF ONGOING PORTFOLIO REVIEW TO ASSESS MERITS OF LTAP PROPOSAL
    • BOARD NOTES PROPOSAL INVOLVES SIGNIFICANT LEVERAGE OF $3.2 BILLION ACQUISITION FACILITIES FROM GOLDMAN SACHS,$400 MILLION FROM WESTBOURNE CAPITAL

    Source text (http//reut.rs/2EbbvRQ)

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