A left field offer from a would-be white knight to buy all of collapsed builder Porter Davis has been rejected by the liquidators as not being ‘credible’.
Chris Herde and Shannon Deery 4 min read April 10, 2023 - 5:01PM The Australian Business Network
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Liquidators have rejected as not “credible” a left field offer from a would-be white knight to buy collapsed construction giant Porter Davis Homes Group.
Melbourne businessman Amit Miglani, who is the chief executive of MIG and Sons, revealed on Sunday that he had submitted a bid to purchase Porter Davis, which went into liquidation last month leaving about 1700 projects in limbo in Victoria and Queensland with another 779 contracts signed.
The offer was to buy the business outright in a move that he claimed would keep all staff employed, protect homeowner deposits, and see all projects under contract completed.
However, a spokesman for the liquidator Grant Thornton Australia said they have engaged with dozens of parties
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