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BRIEF-PPC says independent board to not recommend offer by Fairfax Africa Investments
November 22, 2017 / 11:27 AM / 20 days ago

BRIEF-PPC says independent board to not recommend offer by Fairfax Africa Investments

Nov 22 (Reuters) - PPC Ltd -

* ‍RECOMMENDATION OF INDEPENDENT BOARD NOT TO ACCEPT OFFER BY FAIRFAX AFRICA INVESTMENTS PROPRIETARY LIMITED (“FAIRFAX”)

* ‍PPC WILL NOT CONVENE A GENERAL MEETING OF SHAREHOLDERS FOR PURPOSES OF APPROVING PROPOSED MERGER​

* ‍TAKEOVER REGULATION PANEL HAS GRANTED FAIRFAX AN EXTENSION OF DATE BY WHICH IT IS REQUIRED TO POST PARTIAL OFFER CIRCULAR UNTIL 12 DECEMBER 2017​

* ‍PPC IS CONTINUING ITS ENGAGEMENTS WITH CRH AND LH REGARDING THEIR RESPECTIVE NON-BINDING EXPRESSIONS OF INTEREST​ Source text for Eikon:

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