lange wants back in.....mbo style, page-6

Here you go, folks (not transcribed, but paraphrased faithfully):

http://afr.com/p/opinion/neptune_marine_courts_private_equity_HSXdeqKzyJhVJtAvzrSxUO


It is understood NMS is being shopped to PE firms by an investment bank, with meetings srt to start today. The pitch is said to be a buyout backed by fomrer CEO, CL.

folowing a report in the AFR in September, Neptune said it has received "uncertain" and "conditional" approaches from "various interested parties", but said it was not involved in any negotiations that would warrant ASx disclosure.

Since then, the ailing company has been trying to pull off a restorative $80m capital raising at the deeply discounted price of 8cps with the help of Patersons and Eoroz.

As the story goes, Lange left because instritutional investors were believed to be unsilling to back NMS when Lange was still in charge. CL was the driving force behind an aggressive acquisition strategy that resulted in Neptune buying more than a dozen businesses over a 3-year period.