| ||Open Offer | 06/07/11 15:16|| |
| ||JM Financial Consultants Pvt Ltd ("Manager to the Offer") for and on behalf of 3M (Schweiz) AG, ("Acquirer"), has informed this Public Announcement ("PA") to the shareholders of Wendt (India) Ltd ("Target Company"), pursuant to and in compliance with, among others, regulations 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").|
This Offer is made to all public shareholders of the Target Company to acquire 4,00,000 Shares from the shareholders ("Shareholders") of the Target Company ("Offer Size") representing 20% of the voting equity capital of the Target Company at a price of Rs. 1,366.34 (Rupees One Thousand Three Hundred and Sixty Six and paise Thirty Four only) for each Share of the Target Company ("Offer Price"), to be paid in cash in accordance with the Regulations. The Offer Size has been computed in accordance with regulation 21(1) and regulation 21(5) of the Regulations as 20% of the voting share capital of the Target Company.
Schedule of Activities:
Specified Date - June 24, 2011
Date of Opening of the Offer - July 27, 2011
Date of Closing of the Offer - August 16, 2011
(For more details kindly refer Corporate Announcements on www.bseindia.com).