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BRIEF-Altrad Investment Authority offers to buy Cape for 332.3 mln stg
July 7, 2017 / 6:33 AM / in a month

BRIEF-Altrad Investment Authority offers to buy Cape for 332.3 mln stg

July 7 (Reuters) - Altrad Investment Authority:

* Recommended cash offer for cape plc

* Reached agreement on terms of a recommended cash offer for cape by Altrad, through its wholly-owned subsidiary, Altrad UK Limited

* Under terms of offer, Cape shareholders will receive for each Cape share 265 pence in cash

* Offer values entire issued, to be issued share capital of cape at up to about 332.3 million stg on a fully diluted basis

* Cash consideration payable will be financed from an acquisition debt facility provided to ALtrad by Bnp Paribas SA Source text for Eikon: Further company coverage:

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