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BRIEF-A P Systems makes initial approach for possible RedstoneConnect takeover
September 28, 2017 / 4:03 PM / in 2 months

BRIEF-A P Systems makes initial approach for possible RedstoneConnect takeover

Sept 28 (Reuters) - Redstoneconnect Plc:

* A P SYSTEMS HOLDINGS - POSSIBLE OFFER FOR REDSTONECONNECT PLC

* ‍A P SYSTEMS HOLDINGS - MADE AN INITIAL APPROACH TO DIRECTORS OF REDSTONECONNECT PLC AND IS CONSIDERING POSSIBILITY OF MAKING AN OFFER​

* A P SYSTEMS - ‍OFFER TO BE SATISFIED THROUGH A COMBINATION OF NEW ORDINARY SHARES IN A P SYSTEMS AND CASH​

* A P SYSTEMS - ‍BOARD EMPHASISES THAT THIS APPROACH IS AT A PRELIMINARY STAGE AND NO DECISIONS HAVE YET BEEN MADE​

* A P SYSTEMS - ‍CAN BE NO CERTAINTY THAT AN OFFER WILL ULTIMATELY BE MADE FOR REDSTONECONNECT, NOR AS TO TERMS ON WHICH ANY OFFER MAY BE MADE​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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