Bryce Elder, the stock market reporter over at the Financial Times, had an interesting snippet on Quindell in his market report today.
Bryce wrote that Slater & Gordon, the Aussie law firm, has been looking for a private equity fund, such as Apollo, the US buy-out firm, to partner on an acquisition of some of Quindell's legal services unit. Here is a link to Bryce's report:
http://www.ft.com/cms/s/0/cbe5da16-b215-11e4-80af-00144feab7de.html#axzz3RSCWwLPD
I understand that Bryce might be onto something. Well, at least I have been told by sources Apollo has been looking at this situation for some time although it's not clear to me whether they have held talks with Slater & Gordon.
You do seem to be ramping Quindell to the max
ReplyDeleteHow many shares have you bought?