If successful, the bidders will split the company into US and ‘rest of world’ operations, which would include New Zealand Steel.
ANALYSIS: Implications for ESG investing.
Second south Auckland manufacturing site up and running, expected to cost $8m once finished.
The conditional deal values the waste and industrial services business at $31m.
Private equity or big payment company seen as most likely buyer.
The exporter will also be hauled before the courts to face MPI charges.
Board hires Goldman Sachs as financial adviser.
Steel company had already raised expectations in December and February.
Bull will replace long-time director Andrew Evans.
Only shareholder vote stands in the way of Musk now.