Bloomberg News

New Hope Received Numerous Takeover Approaches, Chairman Says

October 05, 2011

Oct. 5 (Bloomberg) -- New Hope Corp. has received “numerous” incomplete approaches from interested parties for a potential takeover over the past four to five months, prompting it to start a formal process to investigate a sale, Chairman Robert Millner said in a phone interview.

New Hope isn’t currently holding talks with any of those parties, he said, adding the formal review of the initial proposals is likely to take a few months.

To contact the reporter on this story: Elisabeth Behrmann in Sydney at ebehrmann1@bloomberg.net

To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net


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