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PearlStreet Announces Takeover Offer with Campbell Brothers
Tuesday October 27, 2009, 9:06 am

Original Announcement: Campbell Brothers and PearlStreet agree takeover offer

PearlStreet announced the Company and Campbell Brothers have entered into a binding agreement under which the Company's directors will unanimously recommend a cash takeover offer by Australian Laboratory Services, a wholly owned subsidiary of Campbell Brothers, in the absence of a superior proposal. The offer will be for all of the issued share capital of PearlStreet, including shares issued following the exercise of PearlStreet options before the end of the offer period (Proposed Offer). Campbell Brothers will offer PearlStreet shareholders a cash consideration of 75 cents per share. Campbell Brothers has entered into binding option agreements with PearlStreet's major shareholder and MD, Mr Anthony Wooles, in respect of 19.9% of PearlStreet's shares (on a fully diluted basis).

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