Antares Energy is still confident that it will come to an agreement on an asset sale by the end of the month, said a source close to the sale process. Antares was planning to announce a transaction and come out of trading suspension last Thursday. However on Thursday morning, the company announced that the target date appeared ?unachievable? and extended the trading suspension until 30 November. The source confirmed that there are still multiple parties engaged in the bidding process, but that Antares has still not gone exclusive with any one bidder. The bidders are still finalising due diligence and the source said that Antares remains very confident that a deal will be reached.
AZZ Price at posting:
47.5¢ Sentiment: Hold Disclosure: Not Held
