Blue Star Group gets conditional takeover offer, plans to sell Rapid Labels unit

Sun, 01 Jul 2012

By Jonathan Underhill July 02 (BusinessDesk) - Blue Star Group, which last year convinced bond holders to roll over $105 million of debt on more favourable terms after freezing payments, said it has received a conditional offer for the printing company and plans to sell its Rapid labels unit within days. The company said the offer for the whole company is confidential but indicated it was unlikely to be a high price, given the “well-publicised difficult trading and economic conditions affecting the print industry.” Blue Star has been reviewin...

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