OPC opticomm ltd
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Sept 8 (Reuters) - OptiComm Ltd (OPC) : RECEIVED CONDITIONAL...

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    08/09/20
    11:50
    Post #: 47169545

    Sept 8 (Reuters) - OptiComm Ltd (OPC) :

    • RECEIVED CONDITIONAL COMPETING PROPOSAL TO ACQUIRE CO FROM FSS TRUSTEE CORP
    • UNDER COMPETING PROPOSAL, OPTICOMM SHAREHOLDERS WOULD RECEIVE 100% CASH CONSIDERATION OF A$5.85 PER OPTICOMM SHARE HELD
    • APPROPRIATE FOR CO'S BOARD TO ENGAGE IN FURTHER DISCUSSIONS WITH COMPETING BIDDER
    • OPTICOMM BOARD ALLOW COMPETING BIDDER TO CONDUCT DUE DILIGENCE ON OPTICOMM FOR PERIOD ENDING ON NEXT FRIDAY, 18TH OF SEPT
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