Thursday, August 2, 2012

Cerebos

Cerebos: lifted trading halt this morning. Major shareholder, Suntory (82.6% stake) proposes a voluntary delisting of Cerebos, with an Exit Cash Offer of $6.60/sh for all shares it currently does not own. Cerebos will hold an EGM. The Delisting Resolution has to be approved by a majority of at least 75% of the total no. of shares held by sh/h, and not voted against by 10% of more of the total no. of shares held by sh/h. Cerebos is +22% at $6.54.

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