Oct 29 (Reuters) - Navitas Ltd NVT.AX :
* NAVITAS DIRECTORS ARE IN PROCESS OF CONDUCTING A DETAILED REVIEW OF AN INDICATIVE PROPOSAL RECEIVED FROM BGH CONSORTIUM
* INFORMED BGH CONSORTIUM THAT INDICATIVE PROPOSAL DOES NOT REFLECT VALUE IMPLIED BY MANAGEMENT'S STRATEGY AND PLAN
* DUE DILIGENCE TERMS TO NOT IMPEDE LIKELIHOOD OF A SUPERIOR COMPETING PROPOSAL EMERGING
* ANY ACCESS TO DUE DILIGENCE WOULD ONLY BE PROVIDED ON TERMS WHICH ARE IN BEST INTERESTS OF ALL NAVITAS SHAREHOLDERS