Business
Takeover Offer for CIC Australia Ltd
Takeover Offer for CIC Australia Ltd.
About this update from Coats Group Plc
[{"type":"text","content":"\n \nRNS Number : 9981B Guinness Peat Group PLC 10 April 2013 \n \n\nGUINNESS PEAT gROUP PLC\n(\"GPG\" or \"the Company\")\n \n \n \n \nPEET LIMITED TAKEOVER OFFER FOR CIC AUSTRALIA LIMITED\n \nGPG notes the announcement made today by Peet Limited (ASX: PPC) (\"Peet\") regarding Peet's off-market takeover bid for all the issued shares in CIC Australia Limited (ASX: CNB) (\"CIC\") (\"Bid\"). \n \nPursuant to a pre-bid agreement, GPG has agreed to sell Peet 25,032,432 ordinary shares in CIC held by GPG, representing a 19.9% stake.\n \nGPG intends to accept the Bid for its entire shareholding in CIC on or before 7 May 2013, subject to there being no superior proposal at that time.\n \n \nChris Healy \nCompany Secretary\nGuinness Peat Group plc\nTel: +44 20 7484 3370\n \n \n10 April 2013\n \n \n \n \n \n\n \nEnquiry details are:\n \nNew Zealand and Australian media: Geoff Senescall on: +64 9 309 5659\nUK media: Kevin Smith on: +44 20 7282 1054\n \n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSFUSWSFDSELL\n ","length":3270,"tagName":"div"}]