Aug 24 (Reuters) - Affinity Education Group Ltd AFJ.AX :
* Says entered into a heads of agreement with Anchorage capital partners pty
limited (Anchorage) following completion of material commercial diligence by
Anchorage.
* Says Affinity directors recommend that shareholders reject the g8 offers
* Says deal for $208.3 million and Affinity will return $0.90 cash per share to
Affinity shareholders
* Anchorage childcare will acquire all of the assets and business of Affinity
* Directors unanimously recommend that Affinity shareholders reject both the
share offer and the cash offer
* To reject the g8 offers, do not respond and do nothing in relation to any
documents sent by g8
* Affinity and Anchorage will seek to negotiate and enter into binding
transaction documents by 21 September 2015
* Affinity has entered into a period of exclusivity with Anchorage up to 21
September 2015
* Ceased discussions with other interested parties
* Source text for Eikon ID:nASX3MZ5Vy
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