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BRIEF-Buildmax ends talk over potential offer to sell controlling stake
October 17, 2016 / 3:47 PM / a year ago

BRIEF-Buildmax ends talk over potential offer to sell controlling stake

Oct 17 (Reuters) - Buildmax Ltd :

* Withdrawal of cautionary announcement

* Buildmax had received a conditional offer to acquire a controlling equity position in company subject to certain pre-conditions

* Following consideration of proposed offer, board determined that terms and conditions of proposed offer are not in best interests of company

* Discussions in respect of proposed offer have been terminated by Buildmax Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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