It was down to the wire, bur ani's board finally recommended the...

It was down to the wire, bur ani's board finally recommended the tix offer. The board couldn't get the consortium to remove key conditions (e.g., 50% acceptance) for the cash offer.

Although a cash offer would have benefitted ani snd tix holders in the short run, the longer term benefits are more questionable. The asx would have one less industrial areit and tix would take longer to gain enough size to gain insto attention and pass the minimum size for instos to buy into the stock.