Institutional equities desks are seeking to buy Gresham's stake in mining services company Perenti and sell it via a block trade.
Fund managers said brokers including Macquarie, Goldman Sachs, UBS and Canaccord Genuity were among brokers putting bids together on Thursday night in an effort to shake the shares loose.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
