May 7, 2018 / 11:35 AM / 4 months ago

BRIEF-Astoria Investments Updates On Firm Intention By Recm & Calibre

May 7 (Reuters) - Astoria Investments Ltd:

* FIRM INTENTION BY RECM AND CALIBRE TO MAKE A VOLUNTARY OFFER TO ACQUIRE SHARES OF ASTORIA AND FURTHER CAUTIONARY

* OFFEROR HAS PROPOSED THAT OFFER PRICE WILL BE SETTLED FIRST WITH A CASH CONSIDERATION OF R355 MILLION Source text for Eikon: Further company coverage:

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