Metro Performance Glass Ltd (AU:MPP) has released an update.
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Metro Performance Glass Ltd has received an acquisition proposal from CCP VI Bidco, a competitor managed by Crescent Capital Partners, offering 8 cents per share. While the directors are open to exploring options, they express concerns about regulatory approvals and the risks associated with due diligence by a competitor, making the proposal’s success uncertain. The board is taking advice and will further consider the proposal before making a final decision.
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