Brambles Approached Goodpack Over Potential Bid
20 March 2014 - 9:26AM
Dow Jones News
By Ross Kelly
SYDNEY--Brambles Ltd. (BXB.AU) said Thursday it had recently
approached Singapore's Goodpack Ltd. (G05.SG) about making a
possible takeover bid for the packaging company.
Goodpack said Wednesday it had been approached by parties
potentially interested in making "an offer for the shares in the
company".
Brambles confirmed it had approached Goodpack on several
occasions, including in the recent past.
"However, these discussions did not progress and Brambles is not
currently in active discussions with Goodpack," the company
said.
Brambles said it would continue to "monitor the situation,"
without elaborating.
Write to Ross Kelly at ross.kelly@wsj.com
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