27 Apr 2012

Spotless still in trading halt

12:53 pm on 27 April 2012

Shares in Spotless remain on a trading halt, pending a material announcement from the company.

The market is expecting to hear more about talks with Pacific Equity Partners.

PEP, which is Australia's largest private equity firm, offered $A711 million for Spotless, which the firm says is too low.

On Monday, Spotless said PEP had finished looking at its books and had secured financing for a deal, though the two parties were still discussing a deal that could win board approval.