Business Services Industry
Yates' bid for Baycorp founders on sea of indifference.
Australasian Business Intelligence, October, 2005
Byline: Joyce Moullakis
Oct 02, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Australian private equity "cashbox", Allco Equity Partners, has failed to acquire control of Baycorp Advantage. It lacked
sufficient support for its $A3.60 a share bid, and allowed the proportional offer to lapse on 30 September 2005. Allco had been hoping to secure 50 per cent of the credit bureau's shares. It has been left with 17.03 per cent of the company. Other major shareholders include Harris Associates, Portfolio Partners and Aviva Group. Shares in Baycorp closed $A0.04 down at $A3.47 on 30 September 2005.
Publication Date: 1 October 2005
BAYCORP ADVANTAGE LIMITED...
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