DataRoom AM: Bradken bides time

The industrial parts maker’s board is still mulling a private equity bid, while Skilled Group and Ten Network are taking their time on takeover responses.

It’s been a sleepy start to 2015 on the M&A front as long-running targets take their time in assessing recent offers and potential buyers cool their heels amid a January market slump. In the former category is industrial parts maker Bradken, which is reportedly in no rush to offer its backing for an $872 million bid put forward in December.

Elsewhere, takeover talk heats up around Lynas Corporation, a US-based tech firm turns to Australia for a potential 2015 float, Macquarie eyes Germany for a major energy investment and clothing brand Mambo accepts an offer from a US suitor.

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