Legal action being taken tomrorow., page-58

@doto

There is actually nothing about the suspension that would have affected the negotiations of an executed purchase and sale agreement with no conditions precedent.
(If there was some sort of term, then it would have been listed as a condition precedent to the agreement).

If anything, you could argue that the suspension has actually benefited AZZ in that a takeover can be launched relative to a last traded price of 50c.

The only thing that AZZ is unable to do is to raise money via a capital raising or share placement. However, given that AZZ has an executed purchase and sale agreement with no conditions precedent for US$250M (with a liability of only US$46M), one would have to ask why would a capital raising or share placement be required.

The buyer would most certainly not be intimidated by the suspension - as the suspension was caused for one reason alone - AZZ's refusal to name the buyer (which was probably at the buyer's request).

I would also suggest you take some of the opinions of certain posters on here with a pinch of salt, as it is easy to see how 'headless chooks' can lead you far astray.

Cheers