(4) The way of acquisition Austar will acquire 100% equity interests in Syntech and Syntech Holdings II for a consideration comprise of a cash consideration of AUD1 each and the repayment of their indebtedness of not exceeding AUD202.5 million in cash.
I read the above as Syntech and Syntech Holdings II walk away from this with $1 each and a $26.5m debt between them, as opposed to a $229m debt.
Apparently they've been trying to sell this for quite some time [Source]. Sounds to me they were desperate to repay their debt.
MTE Price at posting:
92.0¢ Sentiment: LT Buy Disclosure: Held