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BRIEF-‍Scarlet Bidco says gets support for Servelec offer
November 23, 2017 / 3:11 PM / 24 days ago

BRIEF-‍Scarlet Bidco says gets support for Servelec offer

Nov 23 (Reuters) - SCARLET BIDCO LTD:

* SCARLET BIDCO LTD - FURTHER SHAREHOLDER SUPPORT FOR RECOMMENDED OFFER

* ‍SCARLET BIDCO- RECEIVED IRREVOCABLE UNDERTAKINGS ,LETTERS OF INTENT TO VOTE IN FAVOUR SCARLET‘S SCHEME IN RESPECT OF ABOUT 39.3 PERCENT SHARE CAPITAL OF SERVELEC​

* SCARLET BIDCO-IF A THIRD PARTY TO MAKE AN OFFER, INVESCO ASSET MANAGEMENT WILL BE SUPPORTIVE UNLESS CONSIDERATION OFFERED BY PARTY WAS AT LEAST 5 PERCENT HIGHER THAN OFFER PRICE​ (Bengaluru Newsroom: +91 80 6749 1136)

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