For the company AGM tomorrow the most important question (and one that management should be able to answer) is the following:
Was there unanimous board support for a sale of the company at A$1.45? If the answer was no, then TPG walked because they were not prepared to pay more. If the answer was yes then TPG walked because they did not see value at A$1.45.
The answer to this question will determine why the deal failed at the A$1.45 level.
BBG Price at posting:
70.6¢ Sentiment: None Disclosure: Not Held