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MFC Industrial Ltd. Message Board

  • maxcat05 maxcat05 Oct 11, 2013 12:25 PM Flag

    KHDHF up 25% today

    No news that I can find, but I wouldn't be surprised if MIL is trying to buy them back. I don't know why they would want to, but it would fit the MO.

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    • DGAP-News: AVIC International Engineering Holdings PTE LTD / Schlagwort(e): Absichtserkl√§rung AVIC International Beijing Company Limited Announces Acquisition of Further 19.03% Of Shares In KHD Humboldt Wedag International AG And Will Make A Public Takeover Offer

      11.10.2013 / 15:59

      AVIC International Beijing Company Limited Announces Acquisition of Further 19.03% Of Shares In KHD Humboldt Wedag International AG And Will Make A Public Takeover Offer

      KHD Humboldt Wedag International AG (FSE: KWG / OTCBB: KHDHF)

      Beijing, October 11, 2013 - AVIC International Beijing Company Limited ('AVIC') is pleased to announce the following

      - Today, AVIC International Engineering Holdings Pte. Ltd. ('AVIC Engineering'), a wholly owned subsidiary of us, entered into share purchase agreements with IAT Reinsurance Company Ltd., Occidental Fire & Casualty Company of North Carolina, Harco National Insurance Company, Transguard Insurance Company of America, Inc., Acceptance Casualty Insurance Company, Acceptance Indemnity Insurance Company, Bermuda Partners, L.P., Wilshire Insurance Company Ltd., JC Kellogg Foundation, MFC Industrial Ltd., True Heritage Limited and Peter and Cynthia Kellogg Foundation as sellers for the purchase of in the aggregate 19.03% of the shares of German company KHD Humboldt Wedag International AG ('KHD').

      On completion of these transactions, AVIC will hold in aggregate 39.03% of the shares in KHD.

      - At the same time, AVIC Engineering, acting in concert and together with Europe Project Management Pte. Ltd., Europe Technology Pte. Ltd., Europe Engineering Holdings Pte. Ltd., published the decision to make an offer to the shareholders of KHD ('KHD Shareholders') to acquire all of the remaining KHD shares by way of a voluntary public takeover offer ('Takeover Offer'). The publication is avail

    • $433 million offer from AVIC International. $8.75 per share.

      http://www.businesswire.com/news/home/20131011005512/en/AVIC-International-Beijing-Company-Limited-Announces-Acquisition

 
MIL
4.03+0.02(+0.50%)Jul 6 4:02 PMEDT