Carbon Acq Co Offer Values EcoSecurities At GBP122.9 Million
14 Settembre 2009 - 9:41AM
Dow Jones News
Carbon Acquisition Company Ltd, a wholly-owned indirect
subsidiary of JPMorgan Chase & Co (JPM) said Monday it has
agreed the terms of a recommended cash offer for EcoSecurities
Group PLC (ECO.LN) which values the company at GBP122.9
million.
MAIN FACTS:
-EcoSecurities shareholders will receive 100 pence in cash for
each EcoSecurities share
-The offer represents a premium of 11% to the revised Guanabara
offer price of 90 pence for each EcoSecurities share announced
Sept. 1
-Offer is a premium of 120% to the closing price of 45.5 pence
for each EcoSecurities share on June 4
-Carbon Acquisition Company has received irrevocable
undertakings to accept (or procure the acceptance of) the Offer in
respect of a total of 23,536,621 EcoSecurities shares, representing
19.91%
- The effect of the temporary suspension of SGS United Kingdom
Ltd as a designated operational entity on EcoSecurities is not
expected to be significant due to the small number of projects and
the related portfolio CERs that SGS is working on for
EcoSecurities.
-EcoSecurities is confident that the Company will manage the
impact of SGS's temporary suspension.
-EcoSecurities confirms that there has been no material change
to EcoSecurities' prospects.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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