Re: Gonninans Sale

[alco@acay.com.au]

It was reported today that EDI (owners of Clyde) are interested in buying out
Gonninans. They stated however that they have no interest in the GE licence
and claimed that they valued the company at between $70M and $80M. There is
also a suggestion that they may be trying to do a share swap deal with Howard
Smith. Stay tuned for the next chapter. Cheers Bob

In article <7d87ci$s5h$1@nnrp1.dejanews.com>,
  alco@acay.com.au wrote:
> The SMH reports possible buyers as: GE (USA), Alstrom (France), Bombardiere
> (Canada) and local companies "United"(no idea who they are) and EDI. The
> article suggests that "GE is arguably the favourite because it already
> licenses it's technonogy to Gonninan. If a large multinational won the bid it
> could simply replace the technology with it's own." I guess this is refering
> to the possibility that EDI/Clyde took over. The company is valued at between
> $130M and $200M. Cheers Bob
>
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