Edition:
India

GBST Holdings Updates On FNZ Proposal


Friday, 26 Jul 2019 

July 26 (Reuters) - GBST Holdings Ltd ::RECEIVED FURTHER PROPOSAL FROM KIWI HOLDCO CAYCO, TO ACQUIRE 100% OWNERSHIP OF GBST AT A$4.00 CASH PER SHARE.INFORMED THAT FNZ PROPOSAL HAD EXPIRED, BUT HAD BEEN REPLACED WITH A NEW PROPOSAL AT A$3.90 PER SHARE.BOARD FORMED THE VIEW THAT PROPOSAL FROM FNZ EFFECTIVELY INCAPABLE OF BEING ACCEPTED. 

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