wonder if they are still...

wonder if they are still looking?

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Author: MARTIN PRETTY
Date: 30/04/2005
Words: 902
Source: AFR

Publication: The Financial Review
Section: Market Wrap
Page: 45

SDS still looking

Mining equipment provider SDS Corp and its dominant shareholder Fred Moir appear to be seeking any possible alternative to the takeover offer ousted managing director Christian Lange came up with in conjunction with Gresham Private Equity.

One name bandied about is Atlas Copco. Stockholm-based Atlas Copco is a giant in the world of drilling rig and mining equipment and the broader market for compressors, generators and power tools.

The last public comment from SDS following its refusal to entertain the offer from Gresham was that it had "received enquiries from two other interested parties in examining future strategic options with SDS". That was on April 6.

The thinly traded shares in SDS have been flat since then although they have oscillated within a 10 c range, closing at 65 c on Friday. Some institutional investors would have liked to have exited the stock but have been unable to because of the lack of liquidity. Perpetual Investments holds 9.3 per cent of SDS, followed by BT Funds Management with 7.8 per cent.