Oct 6 (Reuters) - PAS Group Ltd PGR.AX :
* Target's statement
* Says unanimous recommendations of directors "to reject ABI's materially inadequate offer"
* Refers to Australia Brands Investment LLC's (ABI) offer to acquire all PAS shares that it does not already own for $0.63 cash per share
* Source text for Eikon ID:nASX7FGbXC