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Daily News

Breville Rejects Takover Offer
Nov 23, 2009
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Houswares maker Breville has rejected a takeover offer from rival G.U.D holdings, said a Reuters report.

Breville said a report by an independent expert evaluates GUD's all share offer to be worth between US$2.57 to $2.66 per Breville share, while the independent expert has assessed Breville's worth to be in the range of $2.73-$2.90 per share.

According to the Reuters report, Breville chairman, John Schmoll, said Breville's directors will not be selling their shares under the current offer, and recommend shareholders do the same.
(Reuters)

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