The involvement of UBS Lazard in the Molycop tender, GSO deal and advising Arrium all the way through to administration should be looked at closely, not to mention Freehills advice as well. Assuming there was plenty of money made by some groups as a result of the strategic review.
In the end it almost appeared the collapse was deliberate, with the advisers they had on board before administration and the job of administration and recap, potential IPO the Arrium debacle is a financial and legal feeding frenzy.
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
