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BRIEF-Greencross comments on media article

Published 27/01/2016, 11:10 am
© Reuters.  BRIEF-Greencross comments on media article
GXL
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Jan 27 (Reuters) - Greencross Ltd GXL.AX :

* Notes the article in the afr today indicating that TPG had made an indicative proposal to acquire all the shares that it did not already own at $6.45 per share

* Non- binding indicative proposal was highly conditional and at a price which fundamentally undervalues Greencross."

* Greencross has also received highly conditional, indicative, proposals and expressions of interest from other parties.

* The board of Greencross has not pursued these proposals

* Has not previously disclosed these confidential approaches, including the TPG indicative proposal, given their highly conditional and confidential terms

* Source text for Eikon ID:nASX5W0LnL

*

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