It s strange that ppl whinging about the deal being pull of. Since the deal being announced last year asset in the area has gone up in light of new drilling result in the area not to mention the large investment the company commited since the announcement. The company simply telling the buyer sorry no deal but you want it you will have to up your offer. They are just trying to maximise what they wana get for the asset is this against shareholder interest? I don t think so consider the original offer wasn t adequate value the asset!
AZZ Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
