Sigdo Koppers, CHAMP seek to extend Bradken talks Read more: http://www.copyright link/street-talk/sigdo-k

http://www.copyright link/street-ta...-seek-to-extend-bradken-talks-20150828-gj9ptl
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Bradken suitors Sigdo Koppers and CHAMP Private Equity are seeking to extend exclusive talks with the mining services firm, sources told Street Talk Online on Friday.
Chile's Sigdo Koppers and CHAMP were granted a 60 day exclusivity period on June 26, after investing $70 million by way of a convertible preference securities and approaching Bradken about a possible merger.
Sigdo Koppers and CHAMP would like to merge Bradken's business with Sigdo's wholly-owned Magotteaux Group.
The 60-day exclusivity was set to end this weekend.

It's understood the suitors would like to extend their exclusivity period and continue due diligence.
The request came after Bradken announced a $241 million bottomline loss for the 2014-15 financial year.
Bradken shares were up 4.5¢ to $1.19 in early Friday trade.


Read more: http://www.copyright link/street-ta...d-bradken-talks-20150828-gj9ptl#ixzz3k67bfTdZ
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