BLY - Boart Longyear Group

[divs4ever]

Boart Longyear, floated for $2.35b, agrees to $543m takeover​

The ASX-listed drilling company, once the second-largest IPO in Australian history, will go private after struggling for years as a minnow.
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'minnow' .. you are so diplomatic , but i can't believe the buyer offered more than $50 million every time there was a hint of recovery it fell into a new abyss ( almost took Caterpillar with it at one stage )

 

[System]

On April 11th, 2024, Boart Longyear Group Limited (BLY) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the plan of arrangement pursuant to which an entity wholly owned by funds managed by American Industrial Partners has acquired all of the issued and outstanding common shares of BLY.