Lone Star will not submit new bid for Bank of Cyprus (updated) | Cyprus Mail
g at xny.io
Tue Sep 27 14:44:50 PDT 2022
Private equity firm Lone Star, in a statement issued on Tuesday to the
London Stock Exchange, said that it is not intending to submit a revised
offer for the acquisition of the Bank of Cyprus.
It should be noted that the firm is bound by the restrictions set out in
Rule 2.8 of the Irish Takeover Rules. This section, which refers to the
section titled ‘Statements of Intention not to Make an Offer’, under
certain conditions, allows for the statement to be set aside, in turn
allowing the firm to make a new offer within the next 6 months.
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