Brief: Quarto Group Says Board Rejected Preliminary Proposal From Octavian Media

Quarto

28/01/2020 17:47

Jan 28 (Reuters) - Quarto Group Inc  QRT.L :
    * QUARTO GROUP INC  - STATEMENT RE: MEDIA SPECULATION
    * QUARTO GROUP INC - NOTES AN ARTICLE REGARDING AN
UNSOLICITED
PRELIMINARY ENQUIRY FROM OCTAVIAN MEDIA LLC
    * QUARTO GROUP - BOARD CONSIDERED PROPOSAL TO ACQUIRE SHARES
OF
COMPANY FOLLOWING ITS RECEIPT AND CONCLUDED THAT IT WAS NOT IN
BEST INTERESTS OF COMPANY
    * QUARTO GROUP INC - BOARD DID NOT BELIEVE PROPOSAL CAPABLE
OF
BEING CONSUMMATED
    * QUARTO GROUP INC - BOARD HAS NOT RECEIVED ANY FURTHER
APPROACHES
FROM OCTAVIAN SINCE OCTOBER 2019
    * QUARTO - CO CONTINUED WITH ITS PLANS TO RAISE ADDITIONAL
MONIES
VIA AN OPEN OFFER TO SHAREHOLDERS ALONGSIDE RENEGOTIATION OF ITS
DEBT FACILITIES

Source text for Eikon:  ID:nRSb2161Ba 
Further company coverage:  QRT.L 

 ((Reuters.Briefs@thomsonreuters.com;))