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.
If this is true, the merger is likely off the table and both...
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