24 Nov 2012

Independent report in bid for WSI

10:29 am on 24 November 2012

Wool Services International shareholders are being sent an independent report about a takeover offer.

Lempriere Holdings, a Melbourne based wool merchant and processor, is offering 45 cents per share and has already secured 75% of the company.

A report by Northington Partners has been received by the WSI board and is sent being to all shareholders.

WSI independent directors are recommending that remaining investors accept the offer by Lempriere's associate company, WSI Holdings.