BRIEF-Bell Equipment Says IA Bell's Indicative Offer Price Is R10 Per Share Payable In Cash

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BRIEF-Bell Equipment Says IA Bell's Indicative Offer Price Is R10 Per Share Payable In Cash
Credit: © Reuters.

March 10 (Reuters) - Bell Equipment Ltd BELJ.J :

* NON-BINDING EXPRESSION OF INTEREST AND CAUTIONARY ANNOUNCEMENT

* IA BELL'S INDICATIVE OFFER PRICE IS R10 PER SHARE PAYABLE IN CASH

* BOARD HAS BEEN ADVISED BY IA BELL THAT THERE IS NO INTENTION TO ON-SELL ALL OR ANY OF ITS SHARES IN COMPANY

* IA BELL WILL CONSIDER MAKING A STANDBY GENERAL OFFER IF SCHEME NOT PROPOSED OR IF IT IS NOT DULY IMPLEMENTED

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