14th Jul 2015 05:25
LONDON (Alliance News) - Shaftesbury PLC Monday noted the announcement that Orosi (UK) Ltd and PEL (UK) Ltd, entities ultimately beneficially owned by Mr Samuel Tak Lee, intend to acquire up to 25.87 million ordinary Shaftesbury shares through a tender offer at 888 pence per Shaftesbury Share.
The tender offer has not been solicited by the Shaftesbury board. The Shaftesbury board will review the tender offer and update shareholders if appropriate. Shareholders are urged to take no action, Shaftesbury said.
Copyright RTT News/dpa-AFX
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