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Company News Summary

Select Harvests Advises on Correction of Indicative Proposal to Acquire the Company

09 Oct 2017  |  14:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Indicative Proposal to Acquire Select Harvests (Corrected)

Select Harvests advised of a correction to the announcement 'Indicative Proposal to Acquire Select Harvests' released earlier. The Company noted that the last sentence of the first paragraph should read "The Indicative Proposal valued Select Harvests at $430.6m on an equity value basis", rather than "The Indicative Proposal valued Select Harvests at $430.6m on an enterprise value basis." On 19 September 2017 the Company received a non-binding, indicative and highly conditional proposal from Mubadala Investment Company to acquire the Company for $5.85 cash per share.

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