News: KBC Keybridge Capital Provides Updates In Relation To WAM Active Takeover Bid

Dec 17 (Reuters) - Keybridge Capital Ltd (KBC) :

• UPDATES IN RELATION TO WAM ACTIVE BIDS
• NOTES THAT WAM ACTIVE ANNOUNCED IT WITHDRAWS ITS INTENTION TO MAKE A CASH BID FOR COMPANY AT 6.9C
• RECEIVED NO DIRECT NOTICE OF THIS WITHDRAWAL AND IS UNCLEAR AS TO WHETHER ASIC RELIEF WAS PROVIDED TO WITHDRAW
• CONSIDERING BIDDERS STATEMENT & ADVISES THERE IS PRESENTLY NO ACTION FOR SHAREHOLDERS TO TAKE IN RELATION TO NEW REDUCED BID
• ALSO NOTES THAT IT HAS RECEIVED A BIDDERS STATEMENT FROM WAM ACTIVE WITH DETAILS OF A NEW BID
• UNDER NEW BID, WAM ACTIVE INTENDS TO SEND TO CO'S SHAREHOLDERS IN DUE COURSE AT REDUCED 6.5C SUBJECT TO VARIOUS CONDITIONS

Source: [https://bit.ly/2sCzR25]

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