April 19 (Reuters) - Silk Laser Australia Ltd (SLA) :
- RECEIVED A NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL FROM AUSTRALIAN PHARMACEUTICAL INDUSTRIES PTY LTD ON 19 APRIL
- SCHEME FOR CASH CONSIDERATION OF A$3.15 PER SHARE
- BOARD UNANIMOUSLY INTENDS TO RECOMMEND THAT SILK SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SCHEME OF ARRANGEMENT
- EACH DIRECTOR INTENDS TO VOTE ANY SILK SHARES THEY CONTROL IN FAVOUR OF SCHEME
- CO & API ENTERED INTO PROCESS DEED UNDER WHICH API HAS BEEN GRANTED 30 BUSINESS DAYS TO UNDERTAKE EXCLUSIVE DUE DILIGENCE
- API HAS ENTERED INTO VOTING DEED WITH WILSON ASSET MANAGEMENT GROUP IN RELATION TO ITS 9.3% SHAREHOLDING IN SILK