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09-10-2017, 02:34 PM
(09-10-2017, 01:45 PM)cyclone Wrote: Request for Trading Halt : Pending release of an announcement.
Following a period of negotiation between the parties, CDL and the independent non-executive directors of M&C (the "M&C Independent Directors") are pleased to announce that they have reached agreement on the price at which the M&C Independent Directors would recommend a possible cash offer to be made by Agapier Investments Limited, a wholly-owned subsidiary of CDL, to acquire all of the outstanding ordinary shares in M&C that CDL and its subsidiaries do not already own (the “Proposed Offer”).
Under the terms of the Proposed Offer, shareholders in M&C would be entitled to receive 552.5 pence in cash for each M&C Share held.
More details in http://infopub.sgx.com/FileOpen/CDL%20-%...eID=473370
Specuvestor: Asset - Business - Structure.