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AUSTRALIA'S AUSDOC DISCUSSES SALE OF DX EXPRESS, OTHER UNITS.
BRISBANE, June 3 Asia Pulse - AUSDOC Group Ltd (ASX:AUD) has started negotiating with a potential buyer of its DX Express, Go Mailroom management business and Australian Document Exchange (Go First) businesses.
AUSDOC said it had decided the close its Go Mail aggregation and sorting business.
The confidential exclusive negotiations with a party contemplating a full cash offer offer for all the AUSDOC shares, which was announced last Wednesday, are continuing.
AUSDOC put itself on the market six months ago, after an attempted shake-up by five per cent shareholder, investment bank Babcock & Brown.
AUSDOC's assets include AUSDOC Information Management (AIM), Freightways, DX Express Services and GO Mail, the only company that can legally compete with Australia Post, through bulk mail sorting and collection.
Last week, AUSDOC said it was in talks with a secret party for all of AUSDOC's shares, including Freightways and AIM, but it had to divest the Australian courier business DX Express and GoMail.
DX Express operates as a separate business unit and the GoFirst/Australian Document Exchange and GoMailroom are divisions of the Go Mail business unit.
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Source: HighBeam Research, AUSTRALIA'S AUSDOC DISCUSSES SALE OF DX EXPRESS, OTHER UNITS.