Well on the surface this looks like a good deal all round; ANZ get cash and notes ETWG get Yarraman notes ETWPB get converted into ordinaries Management retained Debt is paid off, synergies and expansion into US market
The only thing is that not much is known about Yarraman. Do they have the cash to pull it off ? Is this a half baked strategy ? What is Franklin Tate up to ?
l guess we will have to wait until after Xmas to find out - its enought to force a man to drink !
ETW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
