Brief: CTI Engineering to fully acquire Waterman Group Plc through takeover bid for 46.6 mln pounds

CTI Engineering Co

09/05/2017 07:26

May 9 (Reuters) - CTI Engineering Co Ltd  9621.T :  
     
    * Says it will purchase 33,298,824 shares of Waterman Group 
Plc  WTM.L , for 46.6 million pounds  
    * Says it will hold 100 percent stake in Waterman Group, up 
from 0 
    * Says takeover bid is expected to take effective from 
middle June till early July 
     
    Source text in Japanese: https://goo.gl/A6cCPw 
    Further company coverage: 9621.T  WTM.L  
     
     
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: ying.zhao.reuters.com@reuters.net))