If this is true, the merger is likely off the table and both companies sp are going to get slaughtered on Monday.
https://radioinfo.com.au/news/anchorage-pulls-out-of-arns-sca-takeover-bid/
Big questions to be answered by this Board!
Has the Anchorage DD process failed to produce convincing merits of the deal (more likely imho) or are they just pi$$ed off that the process dragged on for too long?
Can't see how ARN can complete the acquisition on its own.
Anchorage is out! This is huge!!
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