SRS spicers limited
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  1. FNN News
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    23/12/11
    11:18
    Post #: 9481024
    .


    PaperlinX Limited (ASX:PPX) has received an incomplete, conditional and non-binding proposal from an unnamed private equity firm to acquire its business.



    The Australian paper manufacturer says it’s assessing the proposal, as well as a number of others it has received.



    PaperlinX has also announced it expects to report a loss for the 2012 financial year of around $26 million because of deteriorating trading conditions, especially in Europe.



    PaperlinX reported a net loss of $108 million for the year to June 30, 2011.


    SRS Price at posting: 8.0¢ Sentiment: None Disclosure: Held
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