9th Sep 2013 15:24
LONDON (Alliance News) - Titanium Asset Management Corp. Monday said TAMCO Holdings LLC will acquire its entire share capital in an all-cash tender offer.
Titanium said the shares would be sold at a price of USD1.08 per share without interest within five days from Monday.
It said TAMCO already owns 54% of the company's stock.
Titanium shares were Monday quoted at 1.17 pence, down 0.08p on Friday's close.
By Samuel Agini; [email protected]; @samuelagini
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