Brief: Redan's management board issues opinion on tender offer announced by shareholders

Redan SA W Likwidacji

27/05/2016 07:34

May 27 (Reuters) - Redan SA  RDNP.WA : 
    * Said on Wednesday that its management board announced its 
opinion on the tender offer for 14,256,263 Redan's shares 
announced by the company's shareholders 
    * Following the analysis concerning, among others, the 
company's share price, financial results, unit TXM SA 
performance and its fashion segment performance, the management 
board decided that the tender price of 2.07 zlotys ($0.53) per 
share is on the border of the lower range of the company's 
shares fair value  
    * The shareholders, Radoslaw Wisniewski, Piengjai Wisniewska 
and Teresa Wisniewska, together with Redral Sp. z o.o. Sp.k. and 
Ores Sp. z o.o. announced tender offer for 39.92 pct in Redan on 
May 10  urn:newsml:reuters.com:*:nL5N1881YG  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2540373 
     
 Further company coverage:  RDNP.WA   
    
 
 
 
($1 = 3.9352 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))