The investment bankers are saying this is dead. Their calls speak for themselves. See below.
The only winners here will be the new shareholders who own Chemistwarehouse and Goldman Sachs who will take home a nice earning from all the fees they will charge for conducting the merger, if that even happens, which is unlikely the way ACCC see things. Either way they, Goldman Sachs will get paid.
The panic selling has not yet kicked in. No one wants to buy in now because there is too much risk to buy before any form of merger approval guarantee which is high risk that it won't happen. Once one insto starts panic selling, they all rush to exit their positions. No buyers + desperate sellers trying to lock in their gains = big gap downs. Watch this space.
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