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BRIEF-McAleese Ltd update on strategic process and voluntary suspension

Published 18/04/2016, 09:18 am
© Reuters.  BRIEF-McAleese Ltd update on strategic process and voluntary suspension
MCS
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April 17 (Reuters) - McAleese Ltd MCS.AX :

* Update on strategic process and voluntary suspension MCS.AX

* There remains no certainty that the strategic process will yield an outcome

* Says positive progress has been made since the exclusivity period commenced

* Says refers to its voluntary suspension from trading and recent announcements updating the market on its strategic process

* Negotiations between the company, its financiers and a consortium led by Sc Lowy (Sc Lowy) are continuing

* Source text[

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