AMA reorganization, page-33

Alfedo,
Thank you for the Kholer comments and your own . interesting thread for me and i looked in due to the TOP ann. Not sure what to think though as TOP already hold some AMA but have increased holdings with todays notice. He was very positive about AMA in the March update.

" AMA Group Limited (AMA): AMA delivered a strong earnings result for the six months ended 31 December 2017 reflecting AMA’s ability to execute its strategy of both driving and taking advantage of consolidation in the automotive panel industry. I continue to be impressed by AMA’s growth trajectory. During the reporting period AMA substantially completed a major takeover transaction (subsequently completed in January 2018), acquired 10 new panel shop businesses and commenced four new greenfield panel shops. Of even greater interest to the market was AMA’s confirmation on 29 January 2018 that it had received a confidential, non-binding, conditional, indicative proposal from Blackstone Private Equity in relation to AMA’s panel business, a proposal which valued that business at $530 million on a cash free, debt free basis. As at the date of this letter, AMA has not provided any additional information to shareholders in regards to the status of these discussions however we are continuing to follow this situation closely and look forward to further updates from the company. Irrespective of the outcome of discussions with Blackstone, or any other interested party, I believe that under its high quality management AMA remains well-placed to continue its pursuit of consolidation opportunities in the Australian smash repair business sector. "