Edition:
United Kingdom

CBG Capital Says Received Takeover Proposal From Clime Capital


Tuesday, 18 Jun 2019 

June 18 (Reuters) - CBG Capital Ltd ::RECEIVED A PROPOSAL FROM CLIME CAPITAL UNDER WHICH IT IS PROPOSED THAT CAM WILL MERGE WITH CBG.PROPOSED MERGER VIA SCRIP-FOR-SCRIP OFF-MARKET CONDITIONAL TAKEOVER BID FOR ALL ISSUED SHARES OF CBG THAT CAM DOES NOT PRESENTLY OWN.UNDER OFFER CBG SHAREHOLDERS TO RECEIVE 0.8441 ORDINARY SHARES IN CAM PLUS 0.2740 CONVERTIBLE NOTES ISSUED BY CAM FOR EVERY CBG SHARE.INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND THAT CBG SHAREHOLDERS ACCEPT OFFER IN ABSENCE OF A SUPERIOR PROPOSAL. 

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23 Jul 2019