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BRIEF-Pinnacle says interested in buying remaining Datacentrix stake
October 12, 2016 / 7:21 AM / a year ago

BRIEF-Pinnacle says interested in buying remaining Datacentrix stake

Oct 12 (Reuters) - Pinnacle Holdings Ltd :

* Pinnacle, which holds 57.1 pct of Datacentrix, submitted a non-binding expression of interest to acquire all of issued share capital of Datacentrix

* Consideration amounting to approximately 541 mln rand

* In terms of EOI, consideration payable by Pinnacle to Datacentrix shareholders will be 6.65 rand per Datacentrix share, to be settled in cash

* Pinnacle has received irrevocable undertakings from following Datacentrix shareholders, representing in aggregate 72.05 pct of offer shares Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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