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BRIEF-Surfstitch Group Ltd updates on Coastalwatch's expressions of interest

Published 02/11/2016, 11:40 am
Updated 02/11/2016, 11:50 am
© Reuters.  BRIEF-Surfstitch Group Ltd updates on Coastalwatch's expressions of interest
SRF
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Nov 2 (Reuters) - Surfstitch Group Ltd SRF.AX

* Company is currently defending litigation in regard to contracts entered into in fiscal year 2016

* Company has recently received a number of unsolicited, non-binding and indicative expressions of interest

* Board has formed view that indicative proposal is not in best interests of company and its shareholders

* Bard does not propose to engage with CW in respect of indicative proposal as received Source text for Eikon: ID:nASX7pTpfy Further company coverage: SRF.AX

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