Three US-based parties are in talks to save china-maker Waterford Wedgwood after the Irish company called in receivers.
The heavily indebted maker of Waterford crystal, one of Ireland’s most famous brands, failed to buy time from its creditors and on Monday asked for its shares to be suspended.
A report in the Financial Times said the accounting firm Deloitte, which is acting as Waterford’s receivers, was in talks with three U.S. parties about selling the majority of its assets. The newspaper cited unnamed sources described as close to the situation.
Deloitte in Ireland could not immediately be reached for comment.
Source: Thomson Merger News