Monitise PLC (MONIF)

[makinezmoney]

$MONIF: NEWS........ 70Million Buyout offer from FiServ


BRIEF-Fiserv Inc makes cash offer for Monitise Plc
Monitise Plc:

* Fiserv inc - offer for monitise plc

* Fiserv- ?have reached agreement on terms of a recommended cash offer to be made by Fiserv for entire issued and to be issued ordinary share capital of Monitise?

* Fiserv- ?intended that acquisition will be implemented by way of a court-sanctioned scheme of arrangement under part 26 of companies act?

* Fiserv Inc - ?under terms of acquisition, each Monitise shareholder will be entitled to receive: 2.9 pence in cash per monitise share???

* Fiserv- ?offer price values entire issued and to be issued ordinary share capital of monitise at approximately £70 million?

* Fiserv- ?Monitise directors, who have been so advised by Canaccord Genuity as to financial terms of acquisition, consider terms of acquisition to be fair and reasonable?

* Fiserv Inc - ?acquisition is expected to complete in Q3 of calendar year 2017? Source text for Eikon: Further company coverage: