Brief: The Futura Corp & Arbutus Distributors Announce Non-Binding Proposal To Take Tree Island Steel Private At $2.25 Per Common Share

Tree Island Steel

27/06/2019 23:34

June 27 (Reuters) - The Futura Corporation:
    * THE FUTURA CORPORATION AND ARBUTUS DISTRIBUTORS ANNOUNCE
NON-BINDING PROPOSAL TO TAKE TREE ISLAND STEEL PRIVATE AT $2.25
PER COMMON SHARE
    * THE FUTURA CORPORATION - FUTURA, ARBUTUS DISTRIBUTORS
COLLECTIVELY OWN APPROXIMATELY 14.7 MILLION SHARES OF TREE
ISLAND STEEL LTD
    * THE FUTURA CORPORATION - FUTURA, ARBUTUS DISTRIBUTORS ARE
CONTROLLED BY TREE ISLAND STEEL DIRECTORS, AMAR DOMAN AND PETER
BULL, RESPECTIVELY
    * THE FUTURA CORPORATION - FUTURA, ARBUTUS DISTRIBUTORS
INDICATED
TO TREE ISLAND STEEL BOARD THAT THEY WILL NOT ENTERTAIN AN
ALTERNATIVE TRANSACTION

Source text for Eikon:  urn:newsml:reuters.com:*:nCNW1Zygva
Further company coverage:  TSL.TO 

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