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BRIEF-Energy Developments says board recommends A$8.00 cash per share proposal

Published 20/07/2015, 09:51 am
© Reuters.  BRIEF-Energy Developments  says board recommends A$8.00 cash per share proposal

July 19 (Reuters) - Energy Developments :

* Energy developments ltd - ene board recommends A$8.00 cash per share proposal

* Energy developments-entered into a scheme implementation deed under which it is proposed that Duet will acquire all of the Energy Developments shares on issue

* Energy developments - cash payment of A$8.00 per ene share represents a 17% premium to the 6 month volume weighted average price of Energy Developments share

* Energy developments-energy developments increases FY 2015 guidance; expects EBITDA to be $218 million from previous range of $211 to $216 million

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