UPDATE: Rifa offer for Airwork near top of Grant Samuel's assessed range, board recommends

Wed, 21 Dec 2016

(Adds board recommendation, comment) By Sophie Boot Dec. 21 (BusinessDesk) - Zhejiang Rifa Holding Group's partial takeover offer for Airwork Holdings is near the top of independent adviser Grant Samuel's assessed value range for the shares. Earlier this month, the Chinese group set out its bid for the partial takeover, telling shareholders it would seek to grow Airwork's presence in emerging markets such as in Asia and Latin America. It has offered to buy up to 75 percent of the shares at $5.40, valuing the target company at $271 mill...

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