Brief: Projprzem's management issues opinion on GK Immobile's tender offer

PJP Makrum SA

19/09/2016 12:02

Sept 19 (Reuters) - Projprzem SA  PJP.WA : 
    * Its management issues an opinion on GK Immobile  GKI.WA  
tender offer call from Sept. 2 
    * The management does not see potential synergies from GK 
Immobile offer and does not believe it will add value to its 
operations 
    * Considers the tender call as negative to shareholders 
value, not precise and not taking into consideration the market 
situation 
    * Management considers GK Immobile tender price of 8.5 
zlotys  ($2.2) per share as below its shares' fair value and 
lower than their book value 
 
Source text for Eikon:  ID:nEM1960431  
Further company coverage:  PJP.WA  
 
($1 = 3.8497 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))