Street Talk understands KKR-backed Malteries Soufflet will take until the end of June, at best, to complete due diligence.
The euro malt business was granted 10 weeks to look at United Malt’s books on March 28, when it lobbed at $5-a-share bid – which was due to expire on June 6. Hold tight.
Also on the ASX boards, Abacus Property Group is expected to come out of a trading halt tomorrow with results of its Storage King demerger raise, and Silicon Valley-based healthcare AI business Enlitic is understood to be preparing for a run at the ASX.
Finally, Alvarez & Marsal’s poaching season is in full swing, raiding rivals EY and Deloitte, and Source Certain is doing the rounds of pre-IPO investors in hopes of stitching up a capital raising.
Happy reading, Sarah Thompson, Kanika Sood and Emma Rapaport Street Talk editors
