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BRIEF-Simonds Group enters scheme implementation agreement

Published 31/08/2016, 09:50 am
BRIEF-Simonds Group enters scheme implementation agreement
SIO
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Aug 30 (Reuters) - Simonds Group Ltd SIO.AX :

* Entered scheme implementation agreement under which it is proposed that SR Residential Pty Ltd will acquire all of shares in company

* Says received an unsolicited proposal from SR Residential Pty Ltd

* Says cash offer of $0.40 per share represents a 41% premium to the 5-day volume weighted average price

* Source text for Eikon

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