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Avion Group extends offer for Atlas Cold Storage

September 21, 2006
Avion Group extends offer for Atlas Cold Storage. Check it out:
(Nordic Business Report Via Thomson Dialog NewsEdge) Icelandic investment company Avion Group's offer to acquire all of the outstanding trust units of Atlas Cold Storage Income Trust will be extended to 6 October, Avion announced on Thursday (21 September).



The offer was due to expire on Friday (22 September). The offer was originally announced on 3 August 2006 and was mailed to Atlas unit holders on 17 August 2006.

The terms of the offer remain unchanged.

Avion Group's offer is for CAD7 per Atlas share in cash, valuing the company at CAD574m (enterprise value).

One Canadian dollar (CAD) is worth approximately 0.47 British pounds (GBP).

((Comments on this story may be sent to [email protected]))

Copyright 2006 M2 Communications Ltd.. Source: Financial Times Information Limited.


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