guys, i think most of you are completely missing the point re abs's position.
abs has already fully refinanced it's debt (both bank debt and convertible notes). the bank debt has been refinanced for a term of 3 years.
there are no covenants linked to share price or market value, which means abs has not defaulted and so the banks can't do s hit.
i suspect abs has received an attractive offer for its US assets. this other company has probably been considering an offer for a while, and has jumped on the opportunity presented by abs's falling share price.
abs is not doing a firesale, nor does it have to.
ABS
a.b.c. learning centres limited
