Feb 15 (Reuters) - Greencross Ltd (GXL) : Update on corporate...

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    Feb 15 (Reuters) - Greencross Ltd (GXL) :

    • Update on corporate activity (GXL)
    • The board is of the view that this modestly increased price also fundamentally undervalues Greencross"
    • The board recommends shareholders take no action in relation to their shareholding in light of this development"
    • Refers to conditional non-binding proposal by consortium
    • Consortium provided proposal to acquire all of shares they do not already own in Greencross at a price of $6.75 cash per share
 
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