In twin announcements, Powerflute has indicated that management expectations are for FY15 EBITDA in the €53-55m range and the company has received a preliminary proposal of a potential offer for the company. The offer is subject to further due diligence, among other things, and there is no certainty that an offer will be made. We have withdrawn our estimates pending further announcements on this matter.
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Potential offer in the wings
In twin announcements, Powerflute has indicated that management expectations are for FY15 EBITDA in the €53-55m range and the company has received a preliminary proposal of a potential offer for the company. The offer is subject to further due diligence, among other things, and there is no certainty that an offer will be made. We have withdrawn our estimates pending further announcements on this matter.