UBS have independently valued MIG at $2 per security and Macquarie Group is actively seeking a buyer for that approximate amount.Possibly as may as 24 staff may be involved in seeking a buyer.
UBS has used an independent valuation of each tollway then used a NPV of fees of 15 percent of equity.
The current net tangible asset valuation is calculated at $2.84 per security but this may be a bit on the high side.
The above information was sourced from an article in the Australian Financial Review on 10 June 2009 page 20 article by Jemina Whyte.
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