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Tuesday, 8 November 2011

Pre-pack Administration for DTZ?

Share price of DTZ the listed surveyors collapsed 85% yesterday as shareholders warned that any sale will not yield any return for shareholders.

Does this mean that any buyer will want to take on the secured debt, which is north of £106m due next year? Perhaps a  pre-pack administration is on the cards?

In any event the company's loss of value from £500m over 5 years is eye watering.

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