Dec 19 (Reuters) - CML Group Ltd CGR.AX :
* ON 11 DEC, RECEIVED CONFIDENTIAL & UNSOLICITED NON-BINDING INDICATIVE & CONDITIONAL OFFER FROM SCOTTISH PACIFIC GROUP LIMITED
* OFFER TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF CML FOR TOTAL CASH CONSIDERATION OF $0.60 PER SHARE
* BOARD RESOLVED THAT INDICATIVE PROPOSAL WOULD REASONABLY BE EXPECTED TO CONSTITUTE A SUPERIOR PROPOSAL
* NO CERTAINTY THAT INDICATIVE SCOTPAC PROPOSAL WILL RESULT IN A BINDING OFFER AND BOARD OF CML RECOMMENDS SHAREHOLDERS TAKE NO ACTION