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BRIEF-Gemfields says terms of new Fosun Gold offer "not fair and reasonable"
June 20, 2017 / 12:14 PM / 5 months ago

BRIEF-Gemfields says terms of new Fosun Gold offer "not fair and reasonable"

June 20 (Reuters) - Gemfields Plc:

* Notes announcement issued today by Fosun Gold with respect to a firm offer

* Consider that financial terms of Fosun offer are “not fair and reasonable”

* Independent committee believes certain cash exit on offer from Fosun Gold more attractive than unsolicited all-share nil-premium offer from pallinghurst

* Agreed to pay a break fee to Fosun Gold of $2 million by way of compensation if a competing proposal becomes or is declared wholly unconditional Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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