May 15 (Reuters) - InvoCare Ltd (IVC) : RECEIVES REVISED NBIO...

May 15 (Reuters) - InvoCare Ltd (IVC) :

• RECEIVES REVISED NBIO FROM TPG
• INVOCARE RECEIVES REVISED NON-BINDING INDICATIVE PROPOSAL FROM TPG
• REVISED CONDITIONAL, NON-BINDING PROPOSAL OF A$13.00/SHARE INCLUSIVE OF FULLY FRANKED SPECIAL DIVIDEND OF UP TO ABOUT A$0.60 PER SHARE
• AGREED TO PROVIDE TPG OPPORTUNITY TO UNDERTAKE DUE DILIGENCE ON AN EXCLUSIVE BASIS TO DELIVER A BINDING PROPOSAL
• IF PROPOSAL BECOMES BINDING TRANSACTION, INVOCARE BOARD UNANIMOUSLY INTENDS TO RECOMMEND IT