BRIEF-Junex Receives Unsolicited Offer

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BRIEF-Junex Receives Unsolicited Offer

posted on Jul 31, 2018 09:58PM

2018-07-31 06:19:27 PM ET (Reuters)

July 31 (Reuters) - Junex Inc:

* JUNEX RECEIVES UNSOLICITED OFFER

* RECEIVED UNSOLICITED OFFER FROM UTICA RESOURCES, AFFILIATE OF LANSDOWNE PARTNERS AUSTRIA GMBH, TO ACQUIRE ALL OUTSTANDING SHARES OF JUNEX

* UNDER UTICA OFFER, JUNEX WOULD SELECT BETWEEN TWO OPTIONS AND PRESENT SELECTED OPTION TO ITS SHAREHOLDERS

* UNDER FIRST OPTION, EACH SHAREHOLDER OF JUNEX WOULD RECEIVE, FOR EACH JUNEX SHARE HELD, $0.50 IN CASH

* UNDER SECOND OPTION, EACH SHAREHOLDER OF JUNEX WOULD SELL TO UTICA HALF OF JUNEX SHARES FOR $0.55 IN CASH/JUNEX SHARE Source text for Eikon: Further company coverage:

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