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BRIEF-PPC Ltd receives non-binding expression of interest from CRH Plc

Published 2017-11-13, 06:37 a/m
© Reuters.  BRIEF-PPC Ltd receives non-binding expression of interest from CRH Plc
CRH
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Nov 13 (Reuters) - PPC Ltd

* NON-BINDING EXPRESSION OF INTEREST RECEIVED FROM CRH (LON:CRH) PLC AND FURTHER CAUTIONARY ANNOUNCEMENT

* RECEIVED A NON- BINDING EXPRESSION OF INTEREST FROM CRH PLC INDICATING THAT IT IS CONSIDERING SUBMITTING AN ALL-CASH PROPOSAL TO ACQUIRE A CONTROLLING STAKE IN PPC

* INTENDS TO PROVIDE CRH INITIAL PERIOD TO CONDUCT DUE DILIGENCE OF PPC TO ALLOW CRH OPPORTUNITY TO, SUBMIT UPDATED EXPRESSION OF INTEREST DURING WEEK COMMENCING NOV 20

* PROCESS IN RESPECT OF FAIRFAX PARTIAL OFFER, IS STILL PROCEEDING IN ACCORDANCE WITH INDEPENDENT BOARD PROCESS

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