BRIEF-Merlin Diamonds says reached agreement with Blumont regarding takeover offer to acquire all shares in Co

Fri, 28 Feb - 11:02am

Feb 28 (Reuters) - Merlin Diamonds Ltd MED.AX :

* Recommended takeover offer for Merlin MED.AX

* Says under the transaction, Blumont will offer 5.7 Blumont shares for every 2 Merlin Diamonds shares

* Reached agreement with Blumont under which Blumont agrees to make a scrip-for-scrip off-market takeover bid to acquire all of the shares in Merlin Diamonds

* Says transaction is unanimously recommended by the directors of Merlin Diamonds in the absence of a superior proposal

* Source text for Eikon News Search ID:nASXbwl7rm

* ((For more news, please click here MED.AX ))

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URN: 
urn:newsml:reuters.com:20140228:nWNBS00CJ0:7
Topics: 
CMPNY INDS PREC MINE BLR DEAL1 RTRS MIS MIN BMAT COMA FIN SG AU FINS CMSS BSUP EMRG ASIA LEN MRG BACT ASEAN MTAL ISER

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