Board comment on today’s (26th
Feb)
Media statements
The Board of Aventas notes
today’s press article and confirms that it has recently received a highly
preliminary indication of interest from John McCartin and two other individuals
expressing interest in the potential acquisition of some or all of the assets
or businesses of Aventas Manufacturing Group.
The Board, through its financial
advisers, has requested further information from Mr McCartin in order to gain
comfort on the deliverability of such a proposal, including the availability of
financing to support any such potential transaction. Aventas will not enter
into discussions with any interested party until such time as this minimum
level of information has been provided and the Board is satisfied as to the
deliverability of a proposal.
The Board has to date received no
response to this request for further information and has been provided with no
further details. As a result, and for the avoidance of doubt, no discussions
are currently ongoing in this regard.
The Board does not intend to
comment further on this situation or on any further press speculation regarding
this matter.
1 comment:
It is ironic that the bid is stalled because Paul O'Brien has to date refused to produce the accounts and state of the company. He had no difficult letting his buddy, Kevin Lagan, see everything including highly commercially sensitive info. To all those who have been trumpeting Paul O'Brien and Co. such as Damien Brady, perhaps they would like to explain why O'Brien is not putting the best interests of the workers, the company and the investors ahead of their own murky greed. Interesting that we have not heard a word from Brady today despite the fact that he was to the fore at every opportunity to promote O'Brien.
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