Lascelles deMercado Take-Over Bid Circular

Posted: November 9, 2012 at 12:00 am

 The Board of Directors of Lascelles deMercardo (LdM) has notified the Jamaica Stock Exchange that it has received a signed Take-Over Bid Circular from Campari Espana (SL) (Campari) stating its intent to acquire 100% of the ordinary shares and 100% of each of 6% and 15% preference share in LdM for the price of US$4.32 per ordinary share, US$0.57 for each 6% preference share and US$0.57 for each 15% preference share. The Offer is stated to open on 9th November 2012 and will close on 30th November 2012. The Board is evaluating the offer together with its independent professional advisors and will issue a Directors’ Circular to all shareholders containing its recommendation to shareholders regarding the offer by Campari, in accordance with the law.

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