Sept 15 (Reuters) - CIC Energy Corp:
* Says got buyout offer from an indian conglomerate
* Says receives indicative proposal to acquire all outstanding common shares
* Says special committee will review the merits of the proposal and, if warranted, respond to it
* Says special committee is in the process of retaining a financial advisor to assist it
* Says has formed a special committee comprised of adrian meyer , len konar and michael movsas
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* Says got buyout offer from an indian conglomerate
* Says receives indicative proposal to acquire all outstanding common shares
* Says special committee will review the merits of the proposal and, if warranted, respond to it
* Says special committee is in the process of retaining a financial advisor to assist it
* Says has formed a special committee comprised of adrian meyer , len konar and michael movsas
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.