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BRIEF-GBST Holdings Gets Further Revised Unsolicited Non-Binding Indicative Proposal From Kiwi Holdco

Published 08/07/2019, 08:45 am
Updated 08/07/2019, 08:50 am
BRIEF-GBST Holdings Gets Further Revised Unsolicited Non-Binding Indicative Proposal From Kiwi Holdco
GBT
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July 8 (Reuters) - GBST Holdings Ltd GBT.AX :

* RECEIVED A FURTHER REVISED UNSOLICITED NON-BINDING INDICATIVE PROPOSAL FROM KIWI HOLDCO CAYCO, LTD

* PROPOSAL IS AT AN INDICATIVE PRICE OF A$3.65 PER SHARE

* HAS GIVEN DETAILED CONSIDERATION TO THIRD FNZ INDICATIVE PROPOSAL AND HAS RESOLVED NOT TO PROCEED WITH FNZ ON THAT PROPOSAL

* REMAINS IN BEST INTERESTS OF SHAREHOLDERS TO CONTINUE TO ALLOW SS&C TO UNDERTAKE DUE DILIGENCE AND TO ENGAGE FURTHER WITH SS&C

* GBST SHAREHOLDERS ARE ADVISED TO TAKE NO ACTION IN RESPONSE TO UPDATED INDICATIVE PROPOSAL FROM SS&C AT THIS STAGE Source: Further company coverage: GBT.AX

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