Centro Properties (CNP) has reportedly received six bids, with the interest understood to be around buying up Centro shares at a maximum of 90 cents a share. Without citing its sources, The Australian Financial Review reports the bids value the company at a fraction of the price its lenders had hoped to achieve. While the price is big premium to Centro´s close yesterday at 29.5 cents, its well shy of the A$5.70 the stock was worth in December and unlikely to spark a rally. Potential investors include Blackstone, the Citadel Investment Group, Lighthouse Partners and Macquarie Group (MQG), the newspaper says. Comment from Centro wasn´t immediately available
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
