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BRIEF-AWE Recommends Takeover Bid From Mitsui

Published 05/02/2018, 10:04 am
Updated 05/02/2018, 10:10 am
© Reuters.  BRIEF-AWE Recommends Takeover Bid From Mitsui
AWE
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Feb 5 (Reuters) - Awe Ltd AWE.AX :

* AWE RECOMMENDS TAKEOVER BID FROM MITSUI FOR $0.95 PER SHARE

* AWE ADVISES THAT MINRES DID NOT MATCH PROPOSAL FROM MITSUI WITHIN TIME PERIOD SPECIFIED

* BOARD HAS WITHDRAWN RECOMMENDATION OF MINRES SCHEME, & UNANIMOUSLY RECOMMENDS AWE SHAREHOLDERS ACCEPT MITSUI TAKEOVER BID AT $0.95 PER SHARE

* ENTERED INTO A BID IMPLEMENTATION DEED (BID) WITH MITSUI IN RESPECT OF MITSUI TAKEOVER BID

* IT IS EXPECTED THAT MITSUI WILL LODGE ITS BIDDER'S STATEMENT WITH ASX AND ASIC ON 9 FEBRUARY 2018

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