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Ardagh“s offer to shareholders

Shareholders in Irish glassmaker Ardagh will be entitled to sell at least 1,000 shares at a minimum price of Euros 1.61 each under the terms of the tender offer to buy back shares.
According to Ardag…

Shareholders in Irish glassmaker Ardagh will be entitled to sell at least 1,000 shares at a minimum price of Euros 1.61 each under the terms of the tender offer to buy back shares. According to Ardagh, shareholders will also be able to tender additional shares, but any additional buy-back over the guaranteed 1,000 shares will be on a pro-rata basis. The glassmaker is offering to buy back just under 2.5 million shares at a minimum price of Euros 1.61, although the actual price will be the average Ardagh price for the five days before the tender offer document is posted.

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