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Provider: Reuters Investment Profile
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Continuation Investments Ltd intents to reject takeover offer by DMX Corporation Limited


Friday, 6 Dec 2013 03:24am EST 

Continuation Investments Ltd and DMX Corporation Limited:Says it has received written confirmation that shareholders controlling not less than approximately 57.1 pct of the capital of Continuation Investments intend to reject the offer under the bid by DMX Corporation Limited in full in the absence of a superior proposal.Says based on the Bidders Statement lodged Nov. 25, DMX Corporation Limited cannot meet a key condition of obtaining a minimum 50.1 pct acceptance from shareholders with respect to the proposal. 

Company Quote

0.055
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19 Dec 2014