May 9 (Reuters) - Mitula Group Ltd (MUA) : A$0.85 SCRIP OFFER...

May 9 (Reuters) - Mitula Group Ltd (MUA) :

• A$0.85 SCRIP OFFER PRICE VALUES MITULA GROUP AT ABOUT A$187 MILLION
• BOARD UNANIMOUSLY RECOMMENDS ACQUISITION PROPOSAL BY TOKYO STOCK EXCHANGE LISTED LIFULL CO. LTD, OWNER OF TROVIT
• MITULA GROUP SHAREHOLDERS ARE BEING OFFERED SHARES IN LIFULL AT A VALUE OF AUD 0.85 PER SHARE
• ENTERED INTO A BINDING SCHEME IMPLEMENTATION DEED WITH LIFULL CO. LTD TO MERGE OPERATIONS OF MITULA GROUP AND TROVIT
• SHAREHOLDERS ARE ENTITLED TO RECEIVE AUD 0.80 CASH CONSIDERATION PER MITULA GROUP SHARE FOR THEIR FIRST 20,000 SHARES