The fate of Archer Capital and McAleese’s $240 million takeover bid for Boom Logistics is uncertain after the two companies sold down part of their holding in Boom late last week.
The fate of Archer Capital and McAleese’s $240 million takeover bid for Boom Logistics is uncertain after the two companies sold down part of their holding in Boom late last week.
Archer and McAleese, a private transportation company, reduced their stake in Boom to 8 per cent from 10 per cent on Friday, four months after the pair lobbed a 52¢ per share takeover bid.
