For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.

BRIEF-Tongaat Hulett Says Parties Unable To Agree On Whether Or Not Material Adverse Change Occurred

BRIEF-Tongaat Hulett Says Parties Unable To Agree On Whether Or Not Material Adverse Change Occurred

May 12 (Reuters) – Tongaat Hulett Ltd TONJ.J :

* JSE: TON – CAUTIONARY ANNOUNCEMENT REGARDING THE PROPOSED DISPOSAL OF THE COMPANY’S STARCH BUSINESS

* TONGAAT HULETT LTD – COMPANY AND KLL GROUP HAVE BEEN UNABLE TO AGREE ON WHETHER OR NOT A MATERIAL ADVERSE CHANGE HAS OCCURRED

* TONGAAT HULETT LTD – STARCH DISPOSAL AGREEMENT IS STILL OF FORCE AND EFFECT, AND COMPANY REMAINS COMMITTED TO STEPS CURRENTLY UNDERWAY

* TONGAAT HULETT – ANTICIPATED THAT PROCESS TO REFER MATTER FOR DETERMINATION BY AN INDEPENDENT THIRD PARTY WILL NOW BE FOLLOWED

* TONGAAT HULETT LTD – SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN COMPANY’S SECURITIES

Source: Reuters

Top