Fletcher Building Limited (“Fletcher Building”) today announced an extension to the offer period for its proposed acquisition of Crane Group Limited (“Crane”).
Fletcher Building gives notice that the offer period is extended by 14 days as certain regulatory conditions and the 90% minimum acceptance condition remain outstanding. The offer will now close on Friday 11 March 2011, unless extended.
Fletcher Building Chief Executive Officer Jonathan Ling said, "We are confident of receiving the remaining regulatory clearances and extending the closing date to 11 March accommodates the expected timing of these decisions."
ACCEPT the Offer
Crane's Directors have unanimously recommended that Crane Shareholders ACCEPT Fletcher Building's offer, in the absence of a superior proposal.
The offer closing date is now Friday 11 March 2011, unless further extended.
Shareholders requiring additional assistance should call the Offer Information Line on 1300 042 036 (toll free for calls made within Australia), 0800 505 529 (free call for calls made within New Zealand) or +61 3 9938 4357 (for calls made outside Australia or New Zealand).
Attached, are copies of the following documents:
- a notice under section 650D of the Corporations Act 2001 (Cth) (Corporations Act) to extend the offer period to 7.00pm AEDT on 11 March 2011;
- a notice under section 630(2) of the Corporations Act, which confirms that 4 March 2011 is the new date for giving notice as to the status of the conditions of the offer; and
- a letter to Crane shareholders in relation to the extension of the offer period.
For further information contact:
Philip King
General Manager
Investor and Media Relations
Ph: +64 9 525 9043
Mob: +64 27 444 0203
John Frey
Cosway Australia
Mob: +61 411 361 361
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