Spot on Damian - would have been few of them hoping to get it on the cheap - don't like the fact would have to pay a commercial price. Highly-Leveraged funding possibly also challenging for smaller PE players with recent volatility.
Fact they leak their intentions to the media prior to 1st round deadline also speaks volumes - that they are interested in the asset, but don't want to pay the asking price - ie highly likely is tactical move to try & instill doubts in competing buyers & sabotage the bidding process. Then would rely on Arrium being forced to sell Moly anyway by its lenders (for less).
Shameless - but strangely predictable...
- Forums
- ASX - By Stock
- ARI
- Arrium to Maybe Keep Moly Cop...?
Arrium to Maybe Keep Moly Cop...?, page-17
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)