Brief: Myanmar Investments Says Co Does Not Intend To Enter Into Talks On Proposed Deal With MSH
18/06/2019 13:04
June 18 (Reuters) - Myanmar Investments International Ltd
MILM.L :
* MYANMAR INVESTMENTS - REJECTION OF UNSOLICITED APPROACH
* MYANMAR INVESTMENTS INTERNATIONAL - POTENTIAL DEAL VALUED
EACH
MIL SHARE AT $0.75 TO BE SATISFIED BY $0.10 IN CASH AND $0.65 IN
NEW MSH SHARES
* MYANMAR INVESTMENTS INTERNATIONAL - CONFIRMS IT RECEIVED
FROM
MSH PROPOSAL FOR ACQUISITION OF ENTIRE ISSUED SHARE CAPITAL OF
COMPANY
* MYANMAR INVESTMENTS INTERNATIONAL - CONCLUDED THAT
PROCEEDING
WITH POTENTIAL TRANSACTION WOULD NOT BE IN BEST INTERESTS OF MIL
NOR ITS SHAREHOLDERS
* MYANMAR INVESTMENTS INTERNATIONAL LTD - BOARD UNANIMOUSLY
CONCLUDED TO REJECT MSH PROPOSAL UNEQUIVOCALLY
* MYANMAR INVESTMENTS - BOARD INFORMED MSH THAT IT DOES NOT
INTEND
TO ENTER INTO NEGOTIATIONS IN RELATION TO PROPOSED DEAL
Source text for Eikon: ID:nRSR6462Ca
Further company coverage: MILM.L
((Reuters.Briefs@thomsonreuters.com;))