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0.00% 54.5¢ slater & gordon limited

Barclays offloads Slater & Gordon debt to BAML: sources

  1. tobyjack
    9,236 Posts.
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    10/03/17
    18:40
    Post #: 23261975
    Barclays offloads Slater & Gordon debt to BAML: sources



    Read more: http://www.copyright link/street-talk#ixzz4auFSnKi5

    Main points......

    Suggests BAML acquired the slice, which was worth about £50 million.
    Preference of lenders is for the company to remain listed
    One of the points of discussion is whether the lenders will accept new shares as a replacement for their loans.
    Main priority of the future owners is to stabilise the business
    Same cannot be said for Andrew Grech-led management and board that embarked on a UK acquisition
    SGH Price at posting: 8.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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