Anchorage seeks share in Mitre 10
Sydney-based private equity firm Anchorage Capital is seeking to buy a 40-49% stake in Mitre 10 Australia Ltd., a struggling hardware supply chain with more than 400 outlets across Australia.
Metcash Ltd., an Australian grocery and liquor wholesaler is also in negotiations to buy an initial 50.1 % stake in the company. Amid the brewing bidding battle, Andrew Reitzer, Metcash's chief executive,...
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