Guthrie

Guthrie: United SM Holdings intends to make a voluntary unconditional cash offer of 88c per share for Guthrie to take the company private. Grp note that delisting Guthrie would the company with greater control and management flexibility in utilising and deploying its available resources. The historical trading liquidity of the shares has generally been low with an average daily trading volume of less than 650,000 shares over the 12-mth period, while the offeror also cited compliance costs relating to the listing status and said the company has not carried out any exercise to raise cash funding since 2006.