Brief: Pharmacielo Provides Update On Proposed Acquisition Of Creso Pharma

Pharmacielo

01/11/2019 22:18

Nov 1 (Reuters) - Pharmacielo Ltd  PCLO.V :
    * PHARMACIELO PROVIDES UPDATE ON PROPOSED ACQUISITION OF
CRESO
PHARMA
    *  WILL NOT INCREASE CONSIDERATION THAT HAS BEEN OFFERED TO
CRESO
PHARMA SHAREHOLDERS AND LISTED OPTIONHOLDERS AS PART OF
ACQUISITION
    * SOUGHT CONFIRMATION FROM BOARD OF DIRECTORS OF CRESO
PHARMA THAT
IT CONTINUES TO SUPPORT SCHEMES, OTHER DEALS UNDER AGREEMENT
    * CRESO GOT INDEPENDENT REPORT FROM BDO CORPORATE FINANCE
(WA) TO
CONCLUDE THAT SHARE SCHEME WITH CO IS NOT IN CRESO'S BEST
INTERESTS

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWWxFpza
Further company coverage:  PCLO.V 

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