Aug 6 (Reuters) - Huon Aquaculture Group Ltd (HUO) :
- ENTERED SCHEME IMPLEMENTATION DEED WITH JBS TO ACQUIRE 100% OF HUON SHARES
- CASH CONSIDERATION FOR A$3.85 PER SHARE
- SCHEME VALUES HUON'S EQUITY AT ABOUT A$425 MILLION ON FULLY DILUTED BASIS
- INTENDS TO DECLARE FULLY FRANKED SPECIAL DIVIDEND OF UP TO A$0.125PER SHARE BEFORE SCHEME IMPLEMENTATION
- UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
- DEAL ENTERED WITH AUSTRALIAN UNIT OF JBS S.A FOR JBS TO BUY CO
- EACH DIRECTOR, INCLUDING FOUNDING AND MAJOR SHAREHOLDERS, FRANCES AND PETER BENDER, INTEND TO VOTE IN FAVOUR OF SCHEME
- DEAL NOT SUBJECT TO FINANCING/DUE DILIGENCE CONDITIONS; JBS TO FUND DEAL USING EXISTING CASH/UNDRAWN DEBT FACILITIES
