May 8 (Reuters) - McAleese Ltd MCS.AX :
* Update on strategic process and voluntary suspension MCS.AX
* Says negotiations between the company, its financiers and a consortium led by Sc Lowy (Sc Lowy) are continuing positively
* Says execution of a binding heads of agreement is now expected to occur by Friday, 13 may 2016
* Says company expects its voluntary suspension to remain in place until Monday, 16 may 2016
* Source text for Eikon ID:nASXbK1HNq
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