Brief: Sierra Rutile Says Board Recommends Takeover Offer From Leonoil
July 22 (Reuters) - Sierra Rutile Holdings Ltd SRX.AX :
* BOARD RECOMMENDS TAKEOVER OFFER FROM LEONOIL
* SRX SHAREHOLDER WILL RECEIVE A CASH OFFER PRICE OF A$0.18
FOR
EVERY SRX SHARE HELD
* LEONOIL OFFER IMPLIES A TOTAL UNDILUTED EQUITY VALUE FOR
SRX OF
A$76.4 MILLION
Further company coverage: SRX.AX
((Reuters.Briefs@thomsonreuters.com;))
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