NVT navitas limited
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News: NVT Navitas Ltd Updates On Indicative Proposal Received From BGH Consortium

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    29/10/18
    09:15
    Post #: 36292931

    Oct 29 (Reuters) - Navitas Ltd (NVT) :

    • NAVITAS DIRECTORS ARE IN PROCESS OF CONDUCTING A DETAILED REVIEW OF AN INDICATIVE PROPOSAL RECEIVED FROM BGH CONSORTIUM
    • INFORMED BGH CONSORTIUM THAT INDICATIVE PROPOSAL DOES NOT REFLECT VALUE IMPLIED BY MANAGEMENT'S STRATEGY AND PLAN
    • DUE DILIGENCE TERMS TO NOT IMPEDE LIKELIHOOD OF A SUPERIOR COMPETING PROPOSAL EMERGING
    • ANY ACCESS TO DUE DILIGENCE WOULD ONLY BE PROVIDED ON TERMS WHICH ARE IN BEST INTERESTS OF ALL NAVITAS SHAREHOLDERS
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