Speculation that the Asciano Group last week received a second takeover offer from a private equity consortium led by the Texas Pacific Group (TPG) has been met with an indifferent response from investors.
Asciano declined to comment on the significance of the takeover speculation when contacted by MINING DAILY.
The conjecture failed to boost Asciano in the stock market, with shares falling 9c to $2.11.
Asciano’s shares have fallen 80% since June 2007, with the company said to be $4 million in debt.
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