Italtile Plans to Buy Ceramic Industries for 3.75b Rand

April 26, 2016

Target shrs make up about 75% of Ceramic’s issued share capital.

* Transaction to be settled 50% in cash, rest through issuing Italtile shrs at 11.57 rand each;
* Italtile to offer existing shrholders 22 shares for every 100 held at 11.57 rand each. Source: Bloomberg