March 15 (Reuters) - McAleese Ltd MCS.AX :
* Says it is expected that there would be an agreement between the successful
party and the company
* Says there remains no certainty that the strategic process will yield an
outcome
* If strategic process is successfully concluded, it is expected that company's
financiers would agree to sell their debt to successful party"
* Says effect of the proposals on McAleese group's shareholders remains
uncertain
* Agreement to reduce the amount of the debt by way of compromise, with the
revised debt to be on new terms agreed with the company
* Enterprise valuations attributed to company by each proposal are materially
below that implied by its current market capitalisation"
* Voluntary suspension is expected to remain in place for an additional period
of up to two weeks while this matter is progressed
* Is actively progressing discussions with multiple parties with a view to
finalising a recapitalisation proposal
* Source text for Eikon ID:nASX8R8D3