Good evening,
 
 

Good evening,

It’s APA’s big results day tomorrow, and it won’t have Basslink to march in front of investors.

Street Talk understands FTI and Houlihan Lokey pushed out binding bids from August 15 to August 29 for Basslink’s quick-fire auction.

APA got its bid in nice and early, but the extension begs the question of who else is going to show up knowing the energy giant has the upper-hand after cornering Basslink’s debt.

It’s not just APA that’s got results-day but no-deal jitters.

Infomedia’s two $1.70-a-share suitors are still dragging their feet, but sources say the cause of inertia is different in the two camps.

TA Associates/Viburnum was understood to be rethinking if it still wanted to pay $1.70 a share when debt funding markets, rates and share prices have changed so drastically.

Solera was operating in ninja mod, or had zoned out.

Elsewhere, we spotted a North Sydney charter bus outfit was looking for investors, and we got the low-down on Litigation Lending Services’ $35 million raise.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood

Street Talk Editors

 
The Australian Financial Review
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