Cerebos Pacific

Cerebos Pacific: Update on exit offer. Suntory has made a voluntary conditional exit offer at $6.60. Suntory currently holds approx 82.6% of co. The offer is conditional upon obtaining a majority of 75% or more of sh/h at the EGM and less than 10% voting against the price. The EGM is on the 24 Oct 2012 at 2pm. The offer is expected to close at 5.30pm on 7 Nov. The offer is 22.7% over the last traded price on 30 Jul 2012 before the offer was announced. Cerebos currently trades at trailing 20.2x P/E at last done price of $6.56