Street Talk
New suitor emerges for Booktopia, as bid deadline looms
It’s time for a new chapter at Booktopia, the ASX-listed book retailer which collapsed into administration last week after failing to secure financing.
Expressions of interest are due on Thursday, with McGrathNicol hoping to sell or recapitalise the business, which was once a sharemarket darling. Firm offers for the company are due next Tuesday, according to sources close to these discussions.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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