May 9, 2017 / 6:28 AM / 3 months ago

BRIEF-CTI Engineering to fully acquire Waterman Group Plc through takeover bid for 46.6 mln pounds

May 9 (Reuters) - CTI Engineering Co Ltd:

* Says it will purchase 33,298,824 shares of Waterman Group Plc, for 46.6 million pounds

* Says it will hold 100 percent stake in Waterman Group, up from 0

* Says takeover bid is expected to take effective from middle June till early July

Source text in Japanese: goo.gl/A6cCPw

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