A mystery buyer is looking to snap up 15 per cent of Christchurch-based electronics firm PDL Holdings.
A Wellington shareholder in the company said last night that he had been invited to sell his shares for $5.20 a share, a premium of $1.30 on the closing price of $3.90.
Broker Forsyth Barr was acting for the buyer, the shareholder said.
Forsyth Barr managing director Neil Paviour-Smith would not say who the buyer was and whether that party already had a stake in PDL.
"In the circumstances I'm not able to comment," he said.
"There will be a statement released in due course - possibly Tuesday."
It was not a takeover bid, Mr Paviour-Smith said. That would have to go through the stock exchange.
PDL went through a shakeup 18 months ago after being badly hit by the Asian financial crisis.
That brought the exit of long-time chief executive Don Sollitt and several other managers, and the sale of an Asian operation and the company's corporate jet.
PDL had total sales in the half-year to last September of $186 million and a net profit of $3.18 million.
In recent months the company has changed focus from being manufacturing-dominated to concentrating more on researching and developing new technologies.
- NZPA
Mystery buyer goes for PDL
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