AirTrunk bidders expected the winner to be announced on Monday afternoon. Instead, they were given a loose promise to expect the results overnight or on Tuesday.
Already a subscriber?Ready to hit the pressure release valve at AirTrunk’s $20 billion-plus sale? Wait a few more hours, say owners Macquarie Asset Management and PSP Investments.Louie Douvis
Sources said Macquarie and PSP Investments’s key decision-makers spent the afternoon bunkered down in their law firm Baker McKenzie’s offices in Sydney’s Barangaroo.requesting additional information from the bidders past Thursday. At least seven investment banks have buy-side roles. More than 40 lending banks are involved. Throw Macquarie Group’s C-suite on the list, who have been– and it’s easily hundreds of people who are following the results closely.
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