Shares gifted to brother not to trigger open offer:
Mumbai, Mar 17 Shares gifted by the promoter of a listed company to a brother without monetary considerations would not trigger any open offer obligations for the new owner of equity, Sebi has said.
Bankrupt photography pioneer Eastman Kodak Co said it has agreed to sell some of its document imaging business ' assets for $210 million in cash under a stalking horse bid by Brother Industries Ltd. Brother Industries will also be assuming liability for deferred service revenue from its document imaging business, totaling about $67 million as of Dec 31, 2012.