Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers, were abandoned.
Bradken said in a regulatory filing that it was approached by CHAMP in March with a proposal to subscribe to an unconditional placement at A$0.75 per share and a placement conditional on shareholder approval...
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