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BRIEF-Sun International offers to buy 50 pct of EDS's interest in Sun Dreams
May 30, 2017 / 7:56 AM / 4 months ago

BRIEF-Sun International offers to buy 50 pct of EDS's interest in Sun Dreams

May 30 (Reuters) - Sun International Ltd:

* Proposed acquisition by Sun international of 50 pct of EDS’s equity interest in Sun Dreams

* Sun Latam agreed to acquire 1 289 277 (9.813 pct) ordinary shares of zero par value each, owned by EDS in issued share capital of Sun Dreams​

* ‍Purchase price payable by sun international to EDS and management shall be $63 million

* ‍Certain members of Sun Dreams’ senior management have exercised their tag-along rights​

* ‍As a result thereof Sun Latam and Pacifico will each acquire 50 pct of senior managements’ equity interests in Sun Dreams​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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