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BRIEF-Rubik announces acquisition proposal from Temenos Group Ag
February 14, 2017 / 9:58 PM / 7 months ago

BRIEF-Rubik announces acquisition proposal from Temenos Group Ag

Feb 15 (Reuters) - Rubik Financial Ltd

* Announcement of acquisition proposal

* Temenos Group Ag and Rubik Financial Limited have entered into a binding scheme implementation deed

* Temenos will acquire 100% of Rubik shares via a scheme of arrangement

* Rubik shareholders to receive $0.1667 cash per share if scheme becomes effective

* Rubik directors unanimously recommend Rubik shareholders vote in favour of scheme in absence of a superior proposal Source text for Eikon: Further company coverage:

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