Bradken Says Other Parties Interested Besides PEP
December 10 2014 - 10:50PM
Dow Jones News
By Rebecca Thurlow
SYDNEY--Australia's Bradken Ltd (BKN.AU) said Thursday it had
received enquiries from other parties since announcing an offer
from Pacific Equity Partners (PEP.YY) and Bain Capital LLC (BCI.XX)
last week.
Bradken, a producer of products for the mining, energy and
freight-rail industries, announced on Friday that the pair of
private-equity firms had made an indicative offer to buy the
company for A$5.10 a share, valuing the target at 872 million
Australian dollars (US$729 million).
"The company has also received additional inbound enquiries
since the announcement on 5 December which the board will consider
should they develop further," Bradken said in a statement Thursday.
"There can be no assurances that any of these discussions,
including the proposal, will result in a transaction."
-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com
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