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BRIEF-Cellnet Group updates on takeover offer by Wentronic

Published 11/11/2016, 11:49 am
Updated 11/11/2016, 11:50 am
© Reuters.  BRIEF-Cellnet Group updates on takeover offer by Wentronic

Nov 11 (Reuters) - Cellnet Group Ltd CLT.AX :

* offer values cellnet at approximately $14.6 million

* enters into bid implementation agreement under which wentronic will make off market takeover bid for 83% of shares in cellnet

* cellnet shareholders will be offered $0.28 per share for each of their cellnet shares subject to offer

* Asx alert-proportional takeover offer by wentronic gmbh,cvc-clt.ax Source text for Eikon: ID:nASX5g6TWF Further company coverage: CLT.AX

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