Brief: Steel & Tube Holdings' Board Advises No Support For Offer From Fletcher Building

Steel & Tube Holdings

02/10/2018 23:52

Oct 3 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * ADVISES NO SUPPORT FOR NON-BINDING INDICATIVE OFFER FROM
FLETCHER BUILDING TO ACQUIRE STEEL & TUBE
    * BOARD DOES NOT SUPPORT INDICATIVE OFFER, AS NBIO OF $1.70
PER
SHARE UNDERVALUES STEEL & TUBE'S BOARD'S VIEW OF CO'S VALUE
    * INDICATIVE OFFER OFFERED NZ$1.70 PER SHARE OF CO

Source text for Eikon:  ID:nNZW19pb5j 
Further company coverage:  STU.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))