Domino Printing says Japan’s Brother Industries makes 1 bln stg offer for co
Source : Reuters
(Reuters) – Domino Printing Sciences Plc :
* Recommended offer for Domino Printing Sciences Plc
* Reached pact on cash offer in which Brother will acquire entire issued and to be issued ordinary share capital of Domino
* Shareholders will be entitled to receive a total of 915 pence in cash for each Domino share held
* Offer values entire issued ordinary share capital of Domino at approximately £1,031 million
* Co shareholders will also receive proposed final dividend for year ended 31 October 2014 of 14.76p per share
* A premium of approximately 42.6 per cent to volume weighted average price per Domino share of 641.7 pence during six month period to 10 March
* As part of offer, a loan note alternative will be available to domino shareholders
* Loan note alternative will enable eligible co shareholders to elect to get loan notes in lieu of part or all of cash consideration Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +44 207 542 1810)