Portek: said it is in talks with another potential bidder for a sale of the company.
The unnamed potential bidder expressed interest in making an offer for the company before Philippines-based International Container Terminal Services (ICT) made a cash offer on June 1 at $1.20 /sh, in a deal that values the target firm around $180.5m. Since then, ICT has acquired additional shares in Portek, and has raised its stake to 16.9%...
Following ICT's announcement, the unnamed potential bidder has confirmed to Portek it remains interested in discussions.
Could this mark the start of a potential bidding war?
No comments:
Post a Comment