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CLEARVIEW WEALTH LIMITED — M&A Activity 2009
Sep 7, 2009
64733_rns_2009-09-07_8fd0f920-e53a-49ef-91b3-05313a95ba27.pdf
M&A Activity
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MMC
Contrarian
Limited
Level 24 Chifley Tower 2 Chifley Square Phone: +612 9224 0700 Sydney NSW 2000 Fax: +612 9233 2275 GPO Box 4964 [email protected] Sydney NSW 2001 www.mmccontrarian.com.au
ABN 83 106 248 248
8 September 2009
The Manager Companies Announcements Office Australian Stock Exchange Level 4, 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
ON MARKET TAKEOVER BID BY ECURB AUSTRALIA PTY LIMITED
Ecurb Australia Pty Limited ( GPG ) (a wholly owned subsidiary of Guinness Peat Group plc) has today announced an on market takeover bid for MMC Contrarian Limited ( MMC ).
The offer is unsolicited and there have not been any prior discussions between MMC and GPG in relation to any takeover proposal. MMC is reviewing the offer documents prepared by GPG and will provide further advice in due course.
In the meantime, MMC shareholders are advised to take no action in relation to GPG’s proposal.
GPG is making an on market bid. Shareholders should be aware that if they accept the offer (by selling on market) in circumstances where the offer price is subsequently increased by GPG, they will not be entitled to receive the benefit of the increase.
MMC will keep shareholders fully informed of further developments as they occur, and will provide further information on the bid in time for shareholders to make an informed decision.
Pending receipt of MMC’s formal target statement, Shareholders may wish to refer to the June 2009 MMC Annual Report either on our website or as released to the ASX on 14 August 2009.
For further information, please contact:
Alex Hutchison Managing Director MMC Contrarian Limited 02 9224 0700