Brief: Tyman Gets Proposal To Be Acquired By Quanex At About £788 Million

Tyman

22/04/2024 07:20

April 22 (Reuters) - Tyman PLC  TYMN.L :
    * TYMAN PLC  - RECOMMENDED CASH AND SHARE OFFER
    * TYMAN PLC - RECOMMENDED CASH AND SHARE OFFER FOR TYMAN BY
QUANEX
BUILDING PRODUCTS CORPORATION
    * TYMAN PLC - UNDER TERMS TYMAN SHAREHOLDERS ENTITLED FOR
EACH
TYMAN SHARE HELD AT SCHEME RECORD TIME 240.0 PENCE IN CASH &
0.05715 OF A NEW QUANEX SHARE
    * TYMAN PLC - MAIN OFFER COMPRISES ABOUT 60% BY VALUE IN
CASH AND
ABOUT 40% BY VALUE IN NEW QUANEX SHARES
    * TYMAN PLC - TRANSACTION VALUES ENTIRE ISSUED AND TO BE
ISSUED
SHARE CAPITAL OF TYMAN AT ABOUT £788 MILLION

Source text for Eikon:  ID:nRSV4765La 
Further company coverage:  TYMN.L 

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