Australian Finance Review.
Anchorage Capital is selling its 20 per cent stake in electronics retailer Dick Smith Holdings in a block trade through Macquarie Capital.
Macquarie contacted investors after market on Monday, seeking buyers for 47.3 million shares at $2.22 each. The offer was priced at a 3.1 per cent discount to the last close.
The sale was on behalf of funds associated with Anchorage, according to a termsheet sent to fund managers.
Macquarie was calling for bids by 6pm on Monday.
DSH Price at posting:
$2.29 Sentiment: None Disclosure: Held
