Business
Mainstream Group signs $180.1m takeover, shops for bigger bid – The Australian Financial Review
Funds administration business Mainstream Group has revived the “go shop” clause.
Funds administration business Mainstream Group has revived the go shop clause.
Armed with a freshly minted $180.1 million takeover bid, Mainstream will have its bankers try to turn a one-horse race into something more competitive and, ultimately, a higher offer for shareholders.
Mainstream shares were at $1.21 heading into lunchtime on Tuesday, which was slightly higher than a $1.20 a share takeover bid for the company. Louie Douvis
Mainstream is sitting on a $1.20 a share bid from offshore suitor…
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