Bradken, Norcast near settlement

DataRoom: Court case over private equity firm flipping company close to conclusion.

A settlement appears imminent in the controversial Bradken (BKN) case, where the Australian company and its chairman Nick Greiner were found to have engaged in anti-competitive bid-rigging.

The Full Federal Court was due to hear the case on Monday but Bradken and Canada’s Norcast approached the court this morning with a proposal to settle.

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