Cascal N.V.
LONDON, June 15, 2010 - Cascal N.V.
LONDON, June 7, 2010 - Cascal N.V.
LONDON, June 3, 2010 - Cascal N.V.
LONDON, June 1, 2010 -
The Board of Directors Unanimously Recommends that Stockholders (other
than Biwater) Reject the Offer and NOT Tender Their Shares into the Offer
Highlights of 14D-9 Filing:
-- Offer undervalues the shares based on the Company's historical
financial performance and future operational and strategic opportunities
-- Board of Directors believes that Biwater agreed to sell the Biwater
stake as a result of Biwater's significant financial distress due to pressure
exerted by its principal lender, HSBC, which also acted as its financial
advisor in negotiating the sale to Sembcorp
-- The Board of Directors' commitment to exploring strategic alternatives
to maximize stockholder value of the Shares for the benefit of stockholders,
including seeking a superior alternative to the Offer, which may include a
business combination of the Company with third parties or other strategic or
financial alternatives that could deliver higher stockholder value than the
Offer
Cascal N.V.
LONDON, May 13, 2010 - Cascal N.V.
More News
- Cascal Confirms That Sembcorp Has Received Service of Process in Connection With Legal Action Filed in U.S. District Court on April 30, 2010
- Cascal N.V. Commences Legal Action and Seeks Injunctive Relief and Damages in Response to Proposed Sembcorp Tender Offer
- Cascal N.V.'s Board Rejects Inadequate and Coercive Sembcorp Offer; Advises Shareholders To Take No Action
- Cascal N.V. Subsidiary, Bournemouth & West Hampshire Water, Receives Important Recognitions from UK Government and Industry Regulator
- Cascal N.V. Announces Publication of Bournemouth & West Hampshire Water OFWAT Business Plan
