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African Oxygen Limited - Unsolicited Bid Made For The Boc Group - Press Release

Release Date: 24/01/2006 17:10
Code(s): AFX
Wrap Text

African Oxygen Limited - Unsolicited Bid Made For The Boc Group - Press Release African Oxygen Limited (Incorporated in the Republic of South Africa) (Registration number 1927/000089/06) JSE code: AFX NSX code: AOX ISIN: ZAE000067120 ("Afrox" or "the company" or "the Group") UNSOLICITED BID MADE FOR THE BOC GROUP The BOC Group plc, which owns an effective 56 percent in African Oxygen Limited (Afrox) made the following external announcement today. "The BOC Group plc (BOC) notes the recent movement in its share price and confirms that it received an unsolicited, preliminary proposal from Linde AG. The proposal was subject to a number of pre-conditions including financing, anti-trust approvals and due diligence. The Board of BOC has met together with its advisors and unanimously rejected the proposal because of its pre-conditions and its failure to value fully the growth prospects of BOC. "The Directors of BOC state their continuing confidence in the current strategy of the group to deliver growth and excellent returns to its shareholders as an independent company." No further information is available at present. As soon as we have more news we will communicate it." For further information please contact Chris Fieldgate on (011) 490 0400 or 082 495 1481 Johannesburg 24 January 2006 Date: 24/01/2006 05:10:03 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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