United Malt’s KKR-backed suitor Malteries Soufflet is expected to take until the end of June – at the earliest – to complete due diligence, as shareholders sit tight ahead of a binding bid.
As investors will recall, the European malt business was granted a 10-week look at United Malt’s books on March 28, when it lobbed a $5 a share, non-binding indicative bid. That would have expired June 6 and fund managers have been keen for an update.
Loading...
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
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
