Just Water independent directors accept founder's 15 cents per share takeover offer

Tue, 11 Nov 2014

By Suze Metherell Nov. 11 (BusinessDesk) - Just Waters International's independent directors have recommended shareholders accept founder and majority investor Tony Falkenstein's takeover bid for the water cooler and supplies group. Falkenstein, through his vehicle the Harvard Group, is offering shareholders 15 cents a share for the 29.3 percent of the firm he doesn't control, valuing Just Water at $13.42 million. That's near the bottom end of independent advisers KordaMentha's range of between 14.7 cents to 16.8 cents a share, below the...

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