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Fidelity offer for Colt is final

22 June 2015 07:59

Colt Group has issued a statement noting that the 190p offer from FMR LLC and FIL Limited (together Fidelity) is final and will not be increased under any circumstances.

The statement says: "Lightning Investors Limited (an entity jointly owned by FMR and FIL through which the offer will be made) has received irrevocable undertakings to accept or procure acceptance of the Offer at the Offer Price from certain Colt shareholders.

"Fidelity has committed to holding its investment in Colt and not to sell or take any other steps to dispose of its Colt shares to any third party prior to 31 December 2016. This commitment stands whether as a consequence of the offer Colt becomes a private company, or remains as a public listed company should the offer lapse."

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