(MENAFN- ProactiveInvestors)
Limited () has been granted a trading halt this morning by the ASX pending an update on the proposed takeover offer by PT Cakra Mineral Tbk (CKRA) (IDX:CKRA).
At the end of April and CKRA entered into a Bid Implementation Agreement under which CKRA will make a conditional off market takeover bid for all of the shares in .
Under the offer shareholders will be given the choice of scrip or cash consideration comprising either:
- (share-based consideration) 10.327 CKRA Shares for every 1 Share; or
- (all cash consideration) A$0.16 per share.
The halt will remain in place until the opening of trade on Monday 1st June 2015 or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.