ABC 0.29% $3.38 adbri limited

News: ABC Adelaide Brighton notes Deutsche Bank's tender issue seeking to buy shares of co

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    June 6 (Reuters) - Adelaide Brighton Ltd (ABC)

    • Potential purchase of Adelaide Brighton Ltd shares
    • Has become aware that tender documents were issued by Deutsche Bank stating DB was seeking to buy 4.5 million shares at $5.73 per share
    • Barro Properties Pty Ltd had entered a "capped swap" over 13 million Adelaide Brighton Shares
    • DB had been informed by Barro Properties that it has "no current intention to make takeover offer for Adelaide Brighton"
    • DB was buying shares to hedge a physically-settled swap with Barro Properties over 13 million shares
 
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