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DMC Document Security Systems Common Stock

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Share Name Share Symbol Market Type
Document Security Systems Common Stock AMEX:DMC AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

DMCI Holdings Upgrades Toledo Mining Stake to 37.7%; Makes Cash Offer to Buy

15/02/2013 5:29pm

Dow Jones News


Document Security (AMEX:DMC)
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LONDON--DMCI Mining, a subsidiary of Phillipines-based industrial group DMCI Holdings Inc. (DMC.PH), Friday increased its stake in Toledo Mining Corporation PLC (TMC.LN) from 17.0% to 37.7% and said it will make a mandatory cash offer to acquire all the Toledo stock it doesn't already own.

MAIN FACTS:

-Raised its stake by buying the 20.7% stake owned by Jason Cropper at 50 pence per share

-Offer will comprise 50 pence in cash for each Toledo share valuing the whole of Toledo's existing issued share capital at GBP24.9 million

-Represents a premium of 66% to 30 pence, the volume weighted average price for prior three months, and 61% to 31 pence, the closing mid-market price on Feb. 14

-Toledo shares closed Friday at 30 pence valuing the company at GBP15 million.

-Write to Ed Ballard at ed.ballard@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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