February 23, 2018 / 5:03 PM / 8 months ago

BRIEF-Monnari Receives Exclusivity In Talks To Buy Gino Rossi's Simple Creative Products

Feb 23 (Reuters) - Monnari Trade SA:

* SAYS GINO ROSSI ACCEPTED ITS NON-BINDING OFFER TO BUY SIMPLE CREATIVE PRODUCTS AND RECEIVED EXCLUSIVITY IN NEGOTIATIONS

* SAYS OFFER IS ACCEPTED UNDER CONDITION THAT SIMPLE SHARES WILL BE VALUED AT MIN 46 MILLION ZLOTYS, ASSUMING ZERO DEBT AND CASH

* SAYS FINAL PRICE FOR SIMPLE SHARES WILL BE SET AFTER DUE DILIGENCE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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