BRIEF-Omnia Group to make offer to buy Nordex for C$0.20 in cash per share

Thu Jul 14, 2016 5:16pm EDT
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July 14 (Reuters) - Omnia Holdings :

* Omnia Group to make all-cash premium offer to acquire Nordex Explosives

* 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: