July 5 (Reuters) - Ap Eagers Ltd APE.AX :
* PROPOSAL TO DIVEST KLOSTER MOTOR GROUP TO ASSIST IN SECURING ACCC AUTHORISATION FOR MERGER WITH AUTOMOTIVE HOLDINGS GROUP
* OFFERED TO DIVEST KLOSTER MOTOR GROUP TO ASSIST IN SECURING REGULATORY AUTHORISATION FOR AP EAGERS' PROPOSED MERGER
* OFFER TO DIVEST KLOSTERS IS TO SATISFY AN UNDERTAKING AP EAGERS IS PROPOSING TO PROVIDE TO ACCC
* ENTERED HEADS OF AGREEMENT WITH TONY WHITE GROUP FOR SALE OF KLOSTERS AT AN ESTIMATED SALE PRICE OF $54 MILLION