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BRIEF-Nigeria's Dangote Flour Mills Updates On Takeover Offer From Singapore's Olam

Published 05/08/2019, 11:55
Updated 05/08/2019, 12:00
© Reuters.  BRIEF-Nigeria's Dangote Flour Mills Updates On Takeover Offer From Singapore's Olam
DANGFLOUR
-

Aug 5 (Reuters) - Dangote Flour Mills PLC DANGFLOUR.LG :
* GOT FROM CROWN FLOUR, OLAM ADDEDNDUM TO BINDING OFFER MADE
TO CO
BY OLAM FOR ALL CO'S SHARES NOT OWNED BY OLAM THROUGH CROWN
FLOUR
* CROWN FLOUR SUBMITS REVISED OFFER WITH FINAL CONSIDERATION
OF
120 BILLION NAIRA AMOUNTING TO N24 PER SHARE FOLLOWING
ADJUSTMENTS
* OLAM HAS INDICATED THAT TRANSACTION WILL BE EFFECTED
THROUGH ITS
SUBSIDIARY, CROWN FLOUR.
* BOARD RECOMMEND REVISED OFFER TO SHAREHOLDERS OF CO AT
THE
COURT-ORDERED MEETING, FOR THEIR CONSIDERATION AND APPROVAL

Source text for ID: company coverage: DANGFLOUR.LG

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