BRIEF-Industria Textil Piura will not guide shareholders in Axxion bid

martes 12 de julio de 2016 08:51 GYT

July 12 (Reuters) - Industria Textil Piura SA :

* Issued on Monday a statement in regards to takeover bid launched by Axxion Asset Management SAC (Axxion) for between 65 percent and 100 percent of Textil Piura shares

* Says Axxion offered to buy Textil Piura shares at 0.02 soles per share, that is below current trading price of the quote

* Said, after listing advantages and disadvantages of the offer, that it will not give a recommendation to shareholders on weather to accept or reject the bid

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(Gdynia Newsroom)