The Age, 5 Nov 2008
Childcare giant ABC Learning says it is continuing to discuss its future with stakeholders, despite reports it would be placed into receivership today.
In a statement issued today, the company said it was continuing discussions with stakeholders including banks and the federal government to secure the future of its operations.
The Australian Financial Review said today that the company, which looks after more than 100,000 Australian toddlers and infants, would be placed into receivership.
The company may hand over control to administrators after failing to resolve its debt obligations, the AFR said.
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