| SYDNEY, June 26
SYDNEY, June 26 At least two other companies are
considering making a bid for Australian compliance company SAI
Global Ltd after buyout firm Pacific Equity Partners
(PEP) launched a A$1.1 billion ($1.03 billion) indicative offer,
a source working on the sale told Reuters.
The source did not disclose the identities or exact number
of the other potential bidders, but the arrival of other
interested parties may mean PEP, Australia's largest private
equity player, could be forced to raise its offer to buy the
struggling former government standards body.
After PEP launched its non-binding proposal a month ago, SAI
said other potential buyers had contacted it so it decided to
publish information about its business for all interested
SAI began providing access to its information online this
week and set a deadline of July 6 for interested parties to make
offers, said another source.
Neither source could be identified because they were not
authorised to comment on the deal until it is complete.
SAI shares were 1.61 percent higher at A$5.06 at 0319 GMT,
below the buying range being offered by PEP of A$5.10 to A$5.25
($1 = 1.0639 Australian dollars)
(Editing by Matt Driskill)