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BRIEF-ATC Alloys announces new takeover offer by Almonty Industries

Published 27/07/2016, 11:20 am
© Reuters.  BRIEF-ATC Alloys announces new takeover offer by Almonty Industries
ATA_OLD
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July 27 (Reuters) - Atc Alloys Ltd ATA.AX :

* Recommended new takeover offer for ATA by Almonty Industries

* ATC Alloys recommends new offer for ATC Alloys under which almonty will offer

to acquire all of the shares in Atc

* Almonty to raise at least US$5.5 million

* Certain shareholders of ATC have entered into pre-bid acceptance agreements

in respect to 17.1% of ATC'S issued shares

* New offer is unanimously recommended by the directors of ATC, in the absence

of a superior proposal

* ATC and Almonty have agreed that the original offer is abandoned and will no

longer proceed

* Source text for Eikon ID:nASX8Fhnlr

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