Jan 20 (Reuters) - Windlab Ltd WND.AX :
* ANNOUNCES INDICATIVE PROPOSAL FROM FEDERATION ASSET MANAGEMENT TO ACQUIRE 100% OF WINDLAB LIMITED
* RECEIVED A NON-BINDING AND INDICATIVE PROPOSAL FROM FEDERATION ASSET MANAGEMENT HOLDINGS PTY LTD
* OFFER PRICE OF $1.00 PER SHARE 1 IN CASH
* FUNDS MANAGED OR ADVISED BY FEDERATION CURRENTLY HAVE AN INTEREST IN ABOUT 18.7% OF WINDLAB SHARES
* DIRECTORS OF WINDLAB INTEND TO UNANIMOUSLY RECOMMEND PROPOSAL TO WINDLAB SHAREHOLDERS
* GRANTED FEDERATION A PERIOD OF EXCLUSIVITY UP UNTIL 21 FEB TO COMPLETE DUE DILIGENCE