sale trouble

http://www.theaustralian.news.com.au/story/0,25197,24337027-643,00.html

Some important uquotes from above article:

But the Centro chief said there was more certainty about the buyer wanting to pay less than the $US714 million price agreed in mid-July.
"We expect the buyer to re-negotiate the price," he said.


Mr Rufrano said he could not give any assurances about the future, but longer term debt could allow Centro to remain afloat until financial and property markets stabilised.


Asked if he thought the banks would agree to a debt for equity swap, Mr Rufrano said he did not know, but the current management team was the banks' best hope of getting their money back.