Brief: Arborgen Holdings Announces Strategic Review

Arborgen Holdings

29/06/2021 22:19

June 30 (Reuters) - Arborgen Holdings Ltd  ARB.NZ :
    * ANNOUNCES STRATEGIC REVIEW
    * RECEIVED CONFIDENTIAL, NON‐BINDING, INDICATIVE, HIGHLY
CONDITIONAL PROPOSAL FROM CREDIBLE THIRD PARTY TO BUY CO
    * SUB-COMMITTEE OF INDEPENDENT DIRECTORS OF CO CONCLUDED
THAT
PROPOSAL MATERIALLY UNDERVALUES CO
    * PWC HAS BEEN ENGAGED TO ASSIST ARBORGEN IN UNDERTAKING
STRATEGIC
REVIEW.
    * REVIEW COULD INCLUDE  A POTENTIAL SALE OF ALL OF SHARES
IN, OR
ALL OR SOME OF ASSETS OF COMPANY, OR A US LISTING

Further company coverage:  ARB.NZ 

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