Business
Atlas Takeover
Atlas Takeover.
About this update from Livermore Investments Group Limited
[{"type":"text","content":"\n RNS Number : 4065K Livermore Investments Group Limited 19 April 2010 \n \n\n 19 April, 2010\n \nLivermore Investments Group Limited \n(\"Livermore\" or \"the Company\")\n \nCash offer of £0.90 per Atlas Share to acquire the Atlas Shares\n \nThe following was released by Fragiolig Holdings Limited on April 19, 2009 RNS # 3452K. Livermore would further like to disclose that immediately prior to this announcement, Livermore held 21.71 per cent of Atlas Estates Limited issued share capital:\n\nCASH OFFER\nby\nFRAGIOLIG HOLDINGS LIMITED\n(\"FRAGIOLIG\") \n\nfor\nATLAS ESTATES LIMITED\n(\"ATLAS\")\nHighlights\n· Cash offer by Fragiolig of £0.90 per Atlas Share to acquire the Atlas Shares not already owned by Fragiolig (or parties acting in concert with it), valuing the entire issued share capital of Atlas at approximately £42.17 million.\n· The Offer provides Atlas Shareholders with an opportunity to realise their investment in Atlas for cash at a price that fully reflects the future prospects of the business.\n· The Offer price represents: a premium of approximately 41 per cent. to the three month volume-weighted average price of Atlas Shares; and a premium of 11 per cent. to the Closing Price of £0.81 per Atlas Share on 13 April 2010, being the last dealing day prior to the announcement by Atlas that it had received an approach in connection with a potential takeover offer.\n· Subject to the other terms of the Offer, the Offer is conditional only on Fragiolig receiving acceptances in respect of Atlas Shares which will result in Fragiolig (together with parties acting ...