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0.00% $2.91 boart longyear group ltd

Apologies in advance if it is a stupid question, but do...

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    28/08/09
    09:22
    Post #: 5566808
    Apologies in advance if it is a stupid question, but do underwriters usually have a get out clause in the agreement if the index were to drop below a certain level? I noted in the retail offer docs (or mulch based on current share price) that if the ASX200 drops 15% below the close on 14 August 2009 for 2 days or more they can walk away.

    Any thoughts?
    BLY Price at posting: $2.75 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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