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Ashanti Goldfields Company Receives Share for Share Merger Offer.


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LONDON--(BUSINESS WIRE)--Oct. 11, 1999--

The Board of Ashanti Ashanti (äshän`tē) or Asante (äsän`tē), historic and modern administrative region, central Ghana, W Africa. The region is the source of much of Ghana's cocoa.  Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated.  Company Limited ("Ashanti") has received a share for share merger offer for the entire issued share capital of Ashanti ("Merger Offer"). The Merger Offer is subject to a number of pre-conditions. The Board of Ashanti, in conjunction conjunction, in astronomy
conjunction, in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun.
 with its advisers, is taking steps to seek to satisfy the pre-conditions to the Merger Offer.

In view of this development, the Company has requested each of the stock exchanges on which the Ashanti shares, GDSs, exchangeable bonds exchangeable bond

A special type of convertible security that permits the holder to exchange the bond for shares of a company in which the issuer has an ownership position.
 and other relevant securities are listed, to suspend dealings in its securities with immediate effect pending further announcement.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 11, 1999
Words:105
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