Dec 14 (Reuters) - Methven Ltd (MVN) :
- METHVEN HAS ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH GWA, VALUING METHVEN AT $118 MILLION
- INDEPENDENT DIRECTORS HAVE RECOMMENDED OFFER, SUBJECT TO NO SUPERIOR PROPOSAL ARISING
- IRREVOCABLE UNDERTAKING TO VOTE IN FAVOUR OF SCHEME PROVIDED BY 19.9% SHAREHOLDER, LINDSAY INVESTMENT TRUST
- TOTAL VALUE TO CO SHAREHOLDERS OF UP TO $1.65/SHARE, IS COMPRISED OF $1.60 CASH/SHARE PLUS PERMITTED DIVIDEND OF UP TO $0.05/SHARE
- ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH GWA GROUP, FOR PURCHASING ALL OF SHARES IN METHVEN
- ALL FIGURES IN NZ$
News: GWA Methven Enters Into Scheme Implementation Agreement With GWA
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