On the 16th of august, MFS withdrew its discussions with CIY due to market instability. Discussions were rumoured to be in regards to the purchasing of CIYs morgage business, and were appearently close to reaching a deal.
As we see markets stabilizing can we expect to see these dicussions reopened?
QUOTE MFS 16 aug
MFS informed City Pacific this morning it did not intend to proceed
with those discussions due to the present conditions in the financial
markets and uncertainty as to the availability of capital.
I hold shares in CIY.
On the 16th of august, MFS withdrew its discussions with CIY due...
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