News: IDO Indo Mines notes takeover offer for co's shares

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    Nov 10 (Reuters) - Indo Mines Ltd (IDO) :

    • Refers to proposed off-market takeover bid from PT Surya Langgeng Utama
    • Board has formed a sub-committee to consider takeover offer
    • Bidder intends to make conditional cash offer of $0.02 per share for all of shares in co that Rajawali does not already own
    • Requests voluntary suspension in respect of co's securities be lifted effective immediately
    • Notes takeover offer is not yet open for acceptances and shareholders are not required to take any action
 
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