Jan 22 (Reuters) - Cedar 2015 Limited
* Offer for API Group Plc
* Firm intention to make offer to acquire API Group Plc at 60 pence per share
* Offer values entire issued and to be issued ordinary share capital of API at approximately 46 mln stg
* Steel Group will engage in detailed discussions with API board following release of this announcement.
* Offer is premium of 27.7 per cent to closing price of 47.00 pence per API share on Jan. 21 2015
* Cedar Bidco received undertakings and LOI to accept offer from holders of about approximately 62 percent of existing issued API share capital Source text for Eikon: