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BRIEF-Australian Leisure And Entertainment Property Management announces non-binding offer to acquire Ale

Published 14/10/2015, 05:18 pm
© Reuters.  BRIEF-Australian Leisure And Entertainment Property Management announces non-binding offer to acquire Ale

Oct 14 (Reuters) - Australian Leisure and Entertainment Property Management Ltd LEP.AX :

* Unsolicited,indicative & non-binding offer to acquire ale LEP.AX

* Receipt of an unsolicited, indicative and non-binding proposal to acquire ale property group

* Proposal to acquire up to 100% of ale's stapled securities by way of an all-cash takeover offer

* Proposal subject to unanimous recommendation from the ale board for ale securityholders to accept the offer

* Proposal contemplates caledonia making 100% cash offer for ale's stapled securities at $3.95 per security

* Says ale has advised caledonia that it will not be progressing the proposal

* Proposal subject to entry into a bid implementation agreement containing customary deal protection provisions

* Source text for Eikon ID:nASX7FS4KB

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