The ASX-listed distiller behind Ned whisky puts itself up for...

The ASX-listed distiller behind Ned whisky puts itself up for sale
The owner of Ned Australian Whisky, the ASX-listed distiller Top Shelf International, is courting buyers for all or some of its business, with several interested parties conducting due diligence, sources said.

Sources said the potential transaction has been in train for less than a month with an information memorandum in front of interested parties and multiple non-binding offers received from local and offshore buyers.

What exactly they’re buying is unclear. All options are on the table: acquiring the whole business or breaking it up into parts. Likely buyers are trade players, high-net-worth individuals with an interest in alcohol assets or a private equity player pursuing a bolt-on.

Special situation players have taken a look over the past year but determined the $13 million market cap company is too small for a buyout.

https://www.copyright link/street-t...hisky-puts-itself-up-for-sale-20241202-p5kv43

Looks like it is all over for TSI. What a mess.