Sad news but not necessarily unexpected.
I'm guessing the returns to the banks is greater in a shut down scenario (with more certainty around these values) than entertaining offers they received to buy the business as a going concern (including the alleged offer from 5 Star which, based on media reporting, appears to have been highly conditional and therefore uncertain as to whether or not it would proceed after further due diligence).
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- Ann: Dick Smith Group to Close
Sad news but not necessarily unexpected. I'm guessing the...
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BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
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