Pretty low share price- lowest ever. :/
Remember this?
http://www.theaustralian.com.au/business/mergers-acquisitions/writing-on-wall-for-paperlinx-as-it-is-eyed-by-private-equity/story-fn91vdzj-1226229712140
The offer of 9c per ordinary share and $21.85 for preference shares could value the company at up to $500 million when incorporating outstanding debt and other liabilities.
Fund managers believe the opening gambit will find little support at the board or shareholder level after years of capital losses and, in some cases, no distributions.
Asset manager Tom Elliott of Beulah Capital said: "... I can't see the board recommending this."
__________
Anyone reckon PE would be taking another look, given the share price?
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