Will BSL be looking?
LONDON (Reuters) - Multiple parties have been given access to the books of British Steel before a deadline for formal expressions of interest in early June, the office handling the liquidation of the company said on Tuesday.
"Good progress is being made in identifying potential buyers for British Steel," the Official Receiver said. "Multiple parties have signed non-disclosure agreements giving them access to a detailed information memorandum and virtual data-room that my team has developed to inform their bids.
"Expressions of interest are due with me by early June."
AU$100M purchase to add AU$30M to EBITDA p/a seems decent.
I guess this is what happens to a distressed sector ....
Ord Minnett monthly recommends BSL "accumulate", page-202
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Last
$21.73 |
Change
1.170(5.69%) |
Mkt cap ! $9.534B | |||
| Open | High | Low | Value | Volume |
| $20.66 | $21.81 | $20.53 | $32.82M | 1.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10944 | $21.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.73 | 4291 | 2 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |