Bradken therefore approached the New York based private equity firm, Castle Harlan, and encouraged it to bid for NWS, in the hope that Bradken might thereafter subsequently acquire NWS from Castle Harlan. Castle Harlan ultimately was selected as the successful bidder and acquired NWS through its subsidiary BC for US$190 million. Earlier that same day, Bradken had entered into an agreement with BC giving Bradken the right to acquire BC. Within hours of the sale of NWS to BC, Bradken exercised the right and acquired BC and hence also acquired NWS. The total amount paid to Castle Harlan entities by Bradken was approximately US$212 million. Given the strategic advantages for Bradken in acquiring NWS (including synergies), Norcast alleged that Bradken would have paid a higher price to Norcast than Norcast ultimately accepted from Castle Harlan.