Brief: Tree Island Says Futura Corp, Arbutus Distributors Withdraw Their Proposal For Co's Shares

Tree Island Steel

31/08/2019 21:13

Aug 31 (Reuters) - Tree Island Steel Ltd  TSL.TO :
    * THE FUTURA CORPORATION AND ARBUTUS DISTRIBUTORS LTD.
WITHDRAW
THEIR NON-BINDING UNSOLICITED PROPOSAL FOR TREE ISLAND’S SHARES
    * TREE ISLAND STEEL - BECAUSE OF WITHDRAWAL OF PROPOSAL BY
OFFERORS, ENGAGEMENT OF FINANCIAL ADVISOR TO PREPARE FORMAL
VALUATION OF CO BEEN TERMINATED
    * TREE ISLAND STEEL-SPECIAL COMMITTEE OF CO'S BOARD ADVISED
BY
FUTURA CORP AND ARBUTUS DISTRIBUTORS LTD OF WITHDRAWAL OF THEIR
UNSOLICITED PROPOSAL
    * SPECIAL COMMITTEE HAS NOW BEEN DISSOLVED

Source text for Eikon:  ID:nGNXc8GRtf 
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 ((Reuters.Briefs@thomsonreuters.com;))