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Melrose PLC's Mintford AG Extends Tender Offer For All Outstanding Ordinary Shares And American Depositary Shares Of Elster Group SE To August 16, 2012

Wednesday, 8 Aug 2012 09:00am EDT 

Melrose PLC announced that Mintford AG (Bidder), an indirect wholly owned subsidiary of Melrose, has extended the expiration time for its previously announced tender offer for 100% of the outstanding ordinary shares and American Depositary Shares of Elster Group SE (Elster). The tender offer is at a price of USD 82.00 per ordinary share and USD20.50 per American Depositary Share, in each case in cash, without interest and less any required withholding taxes, pursuant to a previously announced investment agreement, dated June 29, 2012, by and among Melrose, Bidder and Elster. Melrose is extending the tender offer to provide additional time for the receipt of antitrust clearances in Russia and Ukraine, which are conditions to the consummation of the tender offer that are not expected to be satisfied as of 12:00 midnight New York City time on August 8, 2012, the previously scheduled expiration time. The tender offer is being extended to 12:00 midnight New York City time on August 16, 2012 with the consent of Elster. 

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11 Jul 2014