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ARC FUNDS LIMITED — M&A Activity 2007
Dec 12, 2007
64416_rns_2007-12-12_5eea26f9-97f2-4075-bd7a-8382fae3086b.pdf
M&A Activity
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13 December 2007
The Manager Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
TIDEWATER OFF-MARKET TAKEOVER UPDATE
The Independent Directors of GoldLink GrowthPlus Limited ( GLC ), being Mark Smith and Robert van Veenendaal who are not associated with Tidewater, note today's announcement by Tidewater that GLC Shareholders will be able to elect to take a cash sum equal to $0.145 per share in lieu of the Tidewater shares it proposes to offer under its takeover bid.
The Independent Directors have not made a recommendation on the bid. Pending receipt of the target's statement from the Independent Directors, Shareholders are advised to take no action in relation to Tidewater's takeover bid at this stage.
Minter Ellison is the legal adviser to GLC on the takeover bid. WHK Horwath Corporate Finance Limited has been appointed to prepare an independent expert’s report which will be included in GLC’s target statement.
Yours faithfully
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Tony Suters
Company Secretary
GoldLink GrowthPlus Limited ABN 48 111 695 357 Level 3, 88 George Street, The Rocks NSW 2000, Australia Telephone: (61 2) 8264 2500 Facsimile: (61 2) 8264 2588
Email: [email protected] Website: www.goldlinkgrowthplus.com.au