Brief: Novita's management says price in Tebesa's tender offer below fair value
23/06/2016 08:45
June 23(Reuters) - Novita SA NVT.WA :
* Said on Wednesday its management board considers tender
price of 53.50 zlotys ($13.86) per share offered by Tebesa as
below its shares fair value
* Its management board based its opinion on valuation made
by legal advisor and issued on June 16
* Tebesa announced tender offer for 100 pct of Novita on
June 7 urn:newsml:reuters.com:*:nL8N190148
* Tebesa slightly raised tender offer price to 53.51 zlotys
per share on Wednesday urn:newsml:reuters.com:*:nL8N19E124
Source text for Eikon: urn:newsml:reuters.com:*:nEM2246211
Further company coverage: NVT.WA
($1 = 3.8594 zlotys)
(Gdynia Newsroom)
((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))