Business Services Industry
Baycorp holds the advantage.
Australasian Business Intelligence, September, 2005
Byline: Joyce Moullakis
Sep 14, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Allco Equity Partners' bid for Baycorp Advantage will probably fail, and counter bidders are circling. Allco's $A3.50-per-
share attempt to obtain control of the credit services company has been criticised by many of Baycorp's institutional investors. Baycorp's shares have been independently valued as high as $A4.31, while investor Harris Associates believes they are worth $A4.70. Harris will not accept Allco's
offer, and Investors Mutual, MM&E Capital and Schroder Investment Management are also expected to refuse.
Publication Date: 15 September 2005
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