1 Min Read
July 14 (Reuters) - Omnia Holdings Ltd :
* South Africa's Omnia Group to make all-cash premium offer to acquire Nordex Explosives Limited
* Intends to make an all-cash offer to purchase shares of Nordex Explosives Limited for C$0.20 in cash per share
* Offer will be made through Omnia's mining division in name of BME
* "Offer follows five months of negotiations with Nordex which were unsuccessful"
* Offer will not be subject to a financing condition and made from cash on hand
* While offer will be made without support of board of Nordex, Omnia remains open to discussing supported transaction with Nordex Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)