Edition:
United States

CBRE To Buy Telford Homes For 350P/Share


Wednesday, 3 Jul 2019 02:00am EDT 

July 3 (Reuters) - CBRE Ltd::OFFER FOR TELFORD HOMES PLC.UNDER TERMS OF ACQUISITION, SCHEME SHAREHOLDERS SHALL BE ENTITLED TO RECEIVE: FOR EACH SCHEME SHARE: 350 PENCE IN CASH.DEAL VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF TELFORD HOMES AT APPROXIMATELY £267.4 MILLION ON A FULLY DILUTED BASIS.TELFORD HOMES DIRECTORS CONSIDER TERMS OF ACQUISITION TO BE FAIR AND REASONABLE.DEAL PRICE IS FINAL, WILL NOT BE INCREASED, EXCEPT IF THERE IS ANNOUNCEMENT OF OFFER/POSSIBLE OFFER FOR TELFORD HOMES BY A THIRD PARTY.