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BRIEF-DUET Group confirms it received proposal from Cheung Kong Infrastructure

Published 05/12/2016, 08:57 am
Updated 05/12/2016, 09:00 am
© Reuters.  BRIEF-DUET Group confirms it received proposal from Cheung Kong Infrastructure
DUE
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Dec 5 (Reuters) - DUET Group DUE.AX :

* Duet responds to media speculation

* Aware of media speculation regarding a potential change of control transaction

* Confirms that it has recently received an unsolicited, indicative, incomplete, non-binding and conditional proposal from Cheung Kong Infrastructure

* Deal to acquire 100% of duet's outstanding stapled securities at a price of $3.00 per stapled security, payable in cash

* Boards of duet group are currently evaluating proposal

* Securityholders are advised to take no action as there is currently no certainty proposal will proceed further Source text for Eikon: Further company coverage: DUE.AX

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