FirstService (FSRV) Confirms Approach to Colliers International UK
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FirstService Corporation (Nasdaq: FSRV) notes the announcement released by Colliers International UK PLC ("Colliers International UK" or "the Company") today confirming that it had received an approach from FirstService that may or may not lead to an offer for the Company. Colliers International UK is the London based franchisee of Colliers International, the commercial real estate operations of FirstService.
In accordance with Rule 2.4(c) of the Takeover Code, FirstService will have until 5.00pm on 21 February 2012, being 28 days after 24 January 2012 (or such later date as may be agreed by Colliers International UK and the Takeover Panel), to announce either a firm intention to make an offer for Colliers International UK or that it does not intend to make an offer.
In accordance with Rule 2.4(c) of the Takeover Code, FirstService will have until 5.00pm on 21 February 2012, being 28 days after 24 January 2012 (or such later date as may be agreed by Colliers International UK and the Takeover Panel), to announce either a firm intention to make an offer for Colliers International UK or that it does not intend to make an offer.
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