Ann: ADIT Takeover Bid not to proceed, page-6

Weak and opportunistic it was, but I cant argue with a lot of what was contained in ADITS letter.
I doubt however that it was any material change in the companies financial position that has triggered this strategic withdrawal. They new what they were getting at the current SP, and does anyone really think that were attempting a T/O because they thought it would be cash positive by end of 2019.
They do currently hold a lot of shares and with a 2c return to shareholders on the way, this may be only a withdrawal to collect the 2c, regroup and then take another run at the target. What is their aim, own a profitable candy company or bank the company funds, sell off the parts to make a tidy profit.

All speculation of course, anyone else thinking this reprieve may only be temporary?