March 12 (Reuters) - IPH Ltd (IPH) :
- IPH SUBMITS PROPOSAL TO ACQUIRE XENITH IP
- DEAL FOR $1.97 PER XENITH SHARE
- DEAL FOR COMBINATION OF CASH AND IPH SHARES VALUED AT $1.97 PER XENITH SHARE
- REITERATES THAT IT INTENDS TO VOTE AGAINST MERGER OF XENITH AND QANTM AT UPCOMING SCHEME MEETING, SHOULD IT PROCEED
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