Amp Henderson Sells Into Prg Offer
AMP Henderson Global Investors today confirmed it would sell into Pacific Retail Group’s (PRG) offer for Bendon Group Limited that closes later today.
Shareholder acceptance of the PRG offer for $1.90 per share reached 49.33% yesterday with a further day of acceptances still to be processed.
“Following the unsuccessful bid by Intimate Brands, we considered the different options available and the high acceptance level of the PRG offer. As a result we have decided the best way to realise value in Bendon for our investors is to sell our full holding of 26% into the offer,” said AMP Henderson managing director, Catherine Savage.