just to spice things up - the rumour back in January was that Babcoch and Brown were interested in GRD.
GRD is an interesting company but normally with a leveraged buyout you require strong and secure cash flow. Some might have argued it didn't have this six months ago, but I don't think so now.
With Lancashire bedded down Macquarie may viewing GRD as a green technology play given its status as a recycler and a producer of renewable energy credits.
And let's also not forget Macquarie's penchant for infrastructure assets.
Game on.
GRD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held