MAP microba life sciences limited
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macquarie privatisation

  1. Lapdog
    51,559 Posts.
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    17/06/08
    00:13
    Post #: 3866456
    Interesting development reported by The Age:

    ...." The securities of Macquarie Capital Alliance Group (MCAG) rose more than 50 per cent after its independent directors recommended a proposal to delist and privatise the private equity fund.
    The fund, which listed in April 2005, has received an offer of $3.40 per stapled security, valuing the entity at $836.26 million.
    MCAG securities rose $1.09 or 51.9 per cent to $3.19 at 1151 AEST."

    Loss of SP & challenging environment for Macquarie private equity fund leads to privatisation? Equates to $2.46 + $1.28 = $3.74 for MAP!

    Full report at;
    [ http://news.theage.com.au/business/mac-capital-securities-surge-50-20080616-2rcn.html ]

    4YIO - NFA
    MAP Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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