PPC Ltd (PPCJ.J)
ZURICH LafargeHolcim has ended talks with South African cement maker Pretoria Portland Cement (PPC) about a possible deal, the Swiss group said on Wednesday.
* Fairfax Africa provides update regarding ppc limited partial offer
* RECOMMENDATION OF INDEPENDENT BOARD NOT TO ACCEPT OFFER BY FAIRFAX AFRICA INVESTMENTS PROPRIETARY LIMITED ("FAIRFAX")
* constituted independent board; currently considering terms, conditions, merits, of transaction in addition to other proposals received Source text for Eikon: Further company coverage:
* PPC Chairman says offer price "fundamentally undervalues" co
* Fairfax Africa announces partial offer to acquire shares of PPC Limited and support of proposed merger with AfriSam group proprietary limited through recapitalization transaction
* FAIRFAX AFRICA INVESTMENTS PROPRIETARY DELIVERED A LETTER INDICATING THAT OFFEROR HAS A FIRM INTENTION TO MAKE A PARTIAL OFFER