TBS - Tiger Brands - Potential Offer for AVI Limited (AVI): Withdrawal Of
TBS
TIIH
TBS - Tiger Brands - Potential Offer for AVI Limited ("AVI"): Withdrawal Of
Cautionary Announcement
TIGER BRANDS LIMITED
"Tiger Brands"
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
POTENTIAL OFFER FOR AVI LIMITED ("AVI"): WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the various announcements in relation to the
potential offer by Tiger Brands for the entire issued share capital of AVI ("the
proposed transaction"), the latest of which was released on SENS on 16 February
2009.
Shareholders are advised that, notwithstanding the clear strategic merits of the
proposed transaction, given the deterioration in market conditions since the
time of the initial approach to AVI in October 2008 and taking into
consideration that discussions with AVI have not proven sufficiently fruitful,
Tiger Brands does not intend pursuing the proposed transaction.
Shareholders are accordingly no longer required to exercise caution with respect
to this proposed transaction when dealing in their Tiger Brands securities.
Bryanston
Date:
4 March 2009
Financial Advisor and Transaction Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Legal Advisers
Edward Nathan Sonnenbergs Inc.
Sponsor
JP Morgan Equities Limited
Transactional Communication Advisor
Brunswick South Africa Limited
Date: 04/03/2009 14:30:02 Produced by the JSE SENS Department.
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