ApplesWe know that the original deadline has been extended from...

Apples

We know that the original deadline has been extended from the end of August to 10 September - and according to the Fin Review, no bids have been received in spite of the extension.

Whether the source of this information is credible or not, the fact remains that if ACWA Power and Arcpapita are the only 2 potential bidders left, it means that Origin Energy, APA Group, Marubeni, GFD Suez, ATCO and BHP and AGL have all withdrawn from the process. SO, I would be more concerned about:

a) Why all the bidders seem to be dropping out like flies?

b) Why the 2 remaining bidders are reluctant to submit their bids?

c) Will those remaining withdraw like the others have?

If so, this would obviously play right into the hands of the hedge funds...which may not be the best outcome for shareholders unfortunately....

DYOR