Long4life Limited (JSE:L4L) received a formal proposal from old mutual private equity on behalf of Ompe Fund V Partnership in relation to its proposed acquisition of all of issued shares in Long4life. Proposed deal cash offer by Ompe to acquire all of ordinary shares in Long4life for a purchase consideration of ZAR 5.80 per Long4life share. Prior to submission of formal proposal, Ompe has successfully concluded a due diligence investigation in respect of company. Proposed transaction contemplates subsequent delisting of Long4life from Johannesburg Stock Exchange.