Brief: Ningbo Jifeng's Majority Shareholder Wang Lowers Acceptance Threshold For Grammer AG Takeover
18/07/2018 10:26
July 18 (Reuters) - Ningbo Jifeng's Majority Shareholder
Wang Lowers Acceptance Threshold For Its Takeover Offer Of
Grammer Ag GMMG.DE :
* NINGBO JIFENG'S MAJORITY SHAREHOLDER WANG SAYS ACCEPTANCE
THRESHOLD LOWERED TO 36 PERCENT OF TOTAL SHARES OF GRAMMER AG,
ENSURING A MAJORITY IN GRAMMER'S SHAREHOLDER MEETINGS BASED ON
HISTORIC ATTENDANCE
* NINGBO JIFENG'S MAJORITY SHAREHOLDER WANG SAYS OFFER PRICE
UNCHANGED AT ATTRACTIVE CASH CONSIDERATION OF EUR 60.00 PER
GRAMMER SHARE
Further company coverage: GMMG.DE
(Reporting By Berlin Newsroom)
((berlin.newsroom@thomsonreuters.com;))