Brief: Altamin Says Board Recommends To Reject V B S Exchange's Takeover Bid

Altamin

09/05/2022 23:31

May 10 (Reuters) - Altamin Ltd  AZI.AX :
    * ALTAMIN BOARD RECOMMENDATION TO REJECT TAKEOVER BID
    * V B S EXCHANGE PTY ANNOUNCED AN OFF-MARKET TAKEOVER OFFER
OF CO
FOR CASH CONSIDERATION OF A$0.095 PER SHARE
    * INTENDS TO RECOMMEND THAT SHAREHOLDERS REJECT VBS TAKEOVER
OFFER
    * VBS TAKEOVER OFFER PROVIDES "AN INSUFFICIENT PREMIUM" FOR
CONTROL OF ALTAMIN
    * SINCE OFFER WAS ANNOUNCED VBS STOOD IN MARKET TO ACQUIRE
ADDITIONAL SHARES BEFORE VBS TAKEOVER OFFER OPENS
    * CONSIDERING A RANGE OF POTENTIAL ALTERNATIVES, INCLUDING
CORPORATE AND ASSET-LEVEL TRANSACTIONS

Source text for Eikon:  ID:nASXbnBrv 
Further company coverage:  AZI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))