Australia's John Bridgeman Ltd. on May 28 further increased its off-market offer for all the issued shares and options of Benjamin Hornigold Ltd.
John Bridgeman is now offering 1.5 John Bridgeman shares for each Benjamin Hornigold share. It did not revise its offer of 0.5 John Bridgeman option for each Benjamin Hornigold option. The company said the increased offer will apply to all acceptances received to date.
The announcement came after John Bridgeman in May revised its takeover offer.