MDS Financial Group has received takeover proposals from several unnamed groups.
MDS Financial Group has received takeover proposals from several unnamed groups, the company announced today.
The proposals are preliminary in nature and may not result in a formal offer for MDS Financial, a group statement to the Australian Securities Exchange said.
The Sydney-based brokerage firm has executed non disclosure agreements with three separate unnamed parties for different proposals, the statement said.
The first party had offered to merge part or all of another company into the MDS Financial business.
The second party had offered to takeover all of MDS Financial, and the third party had offered to acquire a significant stake in MDS Financial, the statement said.
The MDS Financial board is also considering a capital raising of up to 50,000,000 shares, it said.
"Given the current state of capital markets, the board of MDS Financial considers that it is appropriate that it carefully evaluate all the indicative proposals," the MDS Financial statement said.
MDS Financial rescued failed brokerage firm Opes Prime subsidiary Trader Dealer in April this year.
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