LONDON, Aug 8 (Reuters) - The independent directors ofKazakh miner ENRC said on Thursday that a lack ofalternatives and an imminent delisting meant shareholders shouldconsider a buyouy offer from its founders, despite a price theysaid undervalued the group.
"Given the risks and uncertainties... the independentcommittee has concluded that relevant ENRC shareholders shouldseriously consider the offer despite the independent Committee'sfirm view that it materially undervalues ENRC," the directors,who represent the interests of ENRC's freefloat of under 20percent, said in a statement.
ENRC's minority shareholders have until Aug. 28 to acceptthe offer of $2.65 in cash plus 0.23 Kazakhmys sharesfor each ENRC share.