August 11, 2016 / 5:12 PM / in 2 years

BRIEF-Gibson Energy confirms it received proposal for discussion from unknown foreign entity

* Confirms it received a non-binding, highly conditional proposal for discussion, from an unknown, unidentifiable foreign entity

* Other than initiation of process to divest industrial propane business, gibsons is not seeking expressions of interest for its business

* Board “seriously considered” proposal and retained independent legal and financial advisors to assist it in “careful deliberations”

* Board unanimously concluded that proposal represented inadequate value to shareholders and was not in co’s best interests to pursue Source text for Eikon: Further company coverage:

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