A thinning field of largely private funds looking to acquire Arrium’s crown-jewel asset Molycop raised concerns in November 2015 that a sale at the top end of its price range was probably beyond reach.
Former Arrium chief executive Andrew Roberts took the stand on Monday and was grilled by Michael Borsky, QC, who is representing Arrium’s liquidator, KordaMentha, in its action against Arrium’s directors, including former chairman Jerry Maycock and Mr Roberts.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
