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BRIEF-Colorpak says co to be acquired by Graphic Packaging International

Published 12/01/2016, 09:14 am
Updated 12/01/2016, 09:20 am
© Reuters.  BRIEF-Colorpak says co to be acquired by Graphic Packaging International
CKL
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Jan 12 (Reuters) - Colorpak Ltd CKL.AX :

* Colorpak to be acquired by graphic packaging international CKL.AX

* Colorpak has entered into a scheme implementation deed with Graphic Packaging International

* Colorpak directors unanimously recommend shareholders vote in favour of the scheme subject to no superior proposal emerging

* Colorpak shareholders to receive cash payments of $0.68 per share inclusive of a fully franked dividend of up to $0.11 per share

* Says expected transaction completion mid-April 2016

* Each Colorpak director intends to vote the shareholdings they control in favour of the scheme.

* Source text for Eikon ID:nASXbhjDLG

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