UNV universal coal plc
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Feb 17 (Reuters) - Universal Coal PLC (UNV) : ENFORCEMENT...

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    17/02/20
    21:25
    Post #: 42983413

    Feb 17 (Reuters) - Universal Coal PLC (UNV) :

    • ENFORCEMENT PROCEEDINGS IN RESPECT OF TERRACOM'S UNSOLICITED BID
    • BID COMMITTEE FORMED VIEW UNSOLICITED BID MATERIALLY LESS FAVOURABLE FOR SHAREHOLDERS THAN AN OFFER MADE IN COMPLIANCE WITH CITY CODE
    • BID COMMITTEE RESOLVED THAT CO WILL COMMENCE LITIGATION WITH A VIEW TO IMPOSING SANCTIONS ON TERRACOM BIDCO
    • BID COMMITTEE RESOLVED THAT, IF TERRACOM BIDCO COMES TO HOLD OVER 20% STAKE IN CO, CO TO START LITIGATION IN ENGLAND
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