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re: Ann: CBD not to proceed with acquisition ... "what they...

  1. bvw1705
    1,752 Posts.
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    25/11/11
    08:49
    Post #: 9340052
    re: Ann: CBD not to proceed with acquisition ...
    "what they found during due diligence."

    As the comments from Alinta make abundantly clear, CBD found that they do not have enough money to make the purchase.

    So ashamed they felt, they could not find the courage to tell the shareholders and the ASX until Tuesday, even though the purchase fell through on Friday.

    Looks like they hit some rough patch.
    CBD Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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