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News: CVC Cellnet Group updates on takeover offer by Wentronic

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    11/11/16
    11:50
    Post #: 20544755

    Nov 11 (Reuters) - Cellnet Group Ltd (CLT) :

    • offer values cellnet at approximately $14.6 million
    • enters into bid implementation agreement under which wentronic will make off market takeover bid for 83% of shares in cellnet
    • cellnet shareholders will be offered $0.28 per share for each of their cellnet shares subject to offer
    • Asx alert-proportional takeover offer by wentronic gmbh,cvc-clt.ax
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