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2.27% 4.5¢ alterra limited

News: 1AG Alterra Says Co Received Non-Binding Indicative Offer From Sandon Capital Pty Ltd

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    19/12/18
    14:00
    Post #: 36906839

    Dec 19 (Reuters) - Alterra Ltd (1AG) :

    • RECEIVED NON-BINDING INDICATIVE OFFER FROM SANDON CAPITAL PTY LTD TO ACQUIRE ALL SHARES IN ALTERRA
    • DEAL FOR $0.05 PER ALTERRA SHARE IN CASH
    • BOARD IS OF OPINION THAT OFFER IS NOT CAPABLE OF IN-PRINCIPLE ACCEPTANCE; SIGNIFICANTLY UNDERVALUES ALTERRA
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