Dec 4 (Reuters) - Inabox Group Ltd (IAB) :
- RECEIVED A REVISED TAKEOVER PROPOSAL FROM SB&G (TELECOMS) PTY LTD ON DEC 3
- IMPROVED TAKEOVER OFFER BY SB&G TELECOMS RAISES OFFER PRICE FROM $0.90 TO $0.95 PER SHARE
- IMPROVED TAKEOVER OFFER BY SB&G TELECOMS INCLUDES FULLY FRANKED SPECIAL DIVIDEND OF $0.29 PER SHARE & ASSOCIATED FRANKING CREDITS
- UNDER THE IMPROVED OFFER, SB&G PROPOSES TO PROVIDE LOAN TO CO OF UP TO $6.9 MILLION
- BOARD DOES NOT HAVE SUFFICIENT INFORMATION OR CERTAINTY REGARDING IMPROVED SB&G TAKEOVER PROPOSAL TO CHANGE CURRENT RECOMMENDATION
- CURRENTLY RECOMMENDS THAT SHAREHOLDERS APPROVE IMPROVED MNF TRANSACTION
