BRIEF-Mothercare confirms rejection of new offer from Destination Maternity

July 2 Wed Jul 2, 2014 6:18am EDT

* Notes announcement by Destination Maternity Corporation that it is considering a possible offer for Mothercare

* On May 27, 2014 board received preliminary and highly conditional approach from destination maternity regarding possible offer at an indicative value of 250 - 275 pence per Mothercare share

* Reviewed proposal in detail and concluded that it significantly undervalued mothercare and its attractive prospects

* Board had a number of material concerns regarding deliverability of value to Mothercare's shareholders and significant execution risk associated with proposal

* June 1, received a further approach at an indicative value of 300 pence per Mothercare share in a mix of 75 percent

* Revised proposal was rejected on June 3, 2014 Source text for Eikon: Further company coverage:

Anda sedang membaca artikel tentang

BRIEF-Mothercare confirms rejection of new offer from Destination Maternity

Dengan url

http://sarapannasiudak.blogspot.com/2014/07/brief-mothercare-confirms-rejection-of.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

BRIEF-Mothercare confirms rejection of new offer from Destination Maternity

namun jangan lupa untuk meletakkan link

BRIEF-Mothercare confirms rejection of new offer from Destination Maternity

sebagai sumbernya