WELLINGTON, Dec 20 (Reuters) - New Zealand jewellery retailer Michael Hill International Ltd has received a takeover offer from interests associated with its founder and major shareholder, the company said on Monday.
The company said Durante Holdings, a privately held entity representing the Hill family, was bidding for up to 50.2 percent of the company at NZ$0.90 a share, valuing the company at around NZ$344 million ($259 million).
(Reporting by Gyles Beckford) Keywords: MICHAELHILL/ (Gyles.Beckford@thomsonreuters.com)(+644-471-4231)(Reuters Messaging: gyles.beckford.reuters.com@reuters.net) 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.
The company said Durante Holdings, a privately held entity representing the Hill family, was bidding for up to 50.2 percent of the company at NZ$0.90 a share, valuing the company at around NZ$344 million ($259 million).
(Reporting by Gyles Beckford) Keywords: MICHAELHILL/ (Gyles.Beckford@thomsonreuters.com)(+644-471-4231)(Reuters Messaging: gyles.beckford.reuters.com@reuters.net) 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.