Equals extends PUSU deadline as TowerBrook and Railsr finalise acquisition offer
Please feel free to call me a 'Dutchman', but I suspect after >9 months, ' strategic review is now in the end game.
Today news came that the bidding consortium (ie TowerBrook Capital and Railsr) had "substantially completed its due diligence" and is in discussions with a preferred funding partner regarding financing its proposed 135p/share offer (worth £277m fully diluted) for .
Plus, given today's PUSU deadline has been extended to 5pm Tuesday 4th Sept - coming of course after Monday's equity volatility - then I suspect the odds of an agreed takeover completing at 135p/share are 70%+.
Obviously though, that's just MY view as a long-term shareholder. Please DYOR.
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