Archive for May 2020

Commercial in confidence Based on the emails I’ve received post our newsletter yesterday, it seems like you’ve all had a big week.  I  imagine as we transition from self-isolation to “sort of” isolation (dependent upon the State you live in), you are in different states of euphoria! I understand the ‘silence is deafening’ as we…

Commercial in confidence As I mentioned in the webinar this morning, there are no changes to report. In preparation for transition to a new owner, I would like to catch up with all Principals. Next week you will receive an invitation to select a time that’s convenient for a 30min catch up with me. I…

Commercial in confidence Following on from my update yesterday, the contract negotiations are continuing between PwC/OneVue and the preferred bidder. There will likely be no new information in terms of our sale process until there is an official announcement to make, but we will continue to update you through these daily communications. We sincerely appreciate…

Commercial in confidence Hope everyone had a relaxing weekend. Further to my note on Friday confirming there is a preferred bidder selected. As you can appreciate, contract negotiations may take some time. Therefore, respecting that both parties have ASX continuous disclosure obligations, I can’t share the name of the bidder until I have permission. I appreciate this may be frustrating…

Commercial in confidence As indicated in the OneVue ASX announcement earlier this week, they have selected a preferred bidder and entered a 30 day exclusivity period to negotiate contract terms.  Until they are further advanced with the contract details, I’ve been asked not share the name of the preferred bidder.  Once both parties are in a…

Commercial in confidence I am not in a position to confirm if a preferred bidder has been selected.  I do know there have been a number of discussions today held between OneVue, PwC and Bob Neill about a final decision. I am being kept informed as the process unfolds, and I will provide updates in…

Commercial in confidence You may have seen the OneVue ASX announcement today which provided an update on their position as a creditor of the Sargon Group.  The announcement included information about the sale of Madison.  It’s information you are already aware of, and simply states we have received finals bids and there is an expectation…

Commercial in confidence I appreciate at this stage of our process many are eagerly waiting a decision regarding the preferred bidder.  As yet, this has not been determined. During this stage of a sale process, the bids will also have certain terms and conditions attached to the offer.  Bob and his team will need to…

Commercial in confidence As I mentioned on Friday, final bids have been received. Today, Bob and his team have spent time reviewing the bids and supporting information. There are a few clarifications required and over the next few days, we expect a preferred bidder will be determined. Term sheets have been drafted and other legal…