News: QVE QV Equities Announces Off-Market Takeover Bid & Non-Binding Proposal From WAM Leaders

Jan 31 (Reuters) - QV Equities Ltd (QVE) :

• PROPOSED OFF-MARKET TAKEOVER BID AND NON-BINDING PROPOSAL FROM WAM LEADERS LTD
• WILL CONSIDER AND EVALUATE PROPOSED OFF MARKET TAKEOVER
• NOTES MARKET RELEASE FROM WAM LEADERS
• RECEIVED A CONFIDENTIAL, INCOMPLETE, CONDITIONAL NON-BINDING MERGER PROPOSAL FROM WAM LEADERS
• COMMENCED A FORMAL EVALUATION OF STRATEGIC OPTIONS FOR QVE
• DEAL TO MERGE CO & WAM LEADERS BY WAY OF ALL-SCRIP TRANSACTION
• QVE, WITH ITS ADVISERS, DETERMINED PROPOSAL NOT IN BEST INTERESTS OF SHAREHOLDERS