Ann: Trading Update, Cost Initiatives & Sydney Strategic Review, page-405

No smoke without fire in my experience but next few weeks will be very interesting in any case..... direct quote from the article released on Monday this week FYI

"Street Talk understands the term sheet was distributed to distressed debt investment giant Oaktree Capital Management, Apollo Asset Management, Bain’s special situations unit and credit and private equity player Cerberus Capital Management, among other parties. It was returned with comments about where the special situation funds see pricing, the margin they could give, and estimates around how much debt could be provided."

GLAH