"Melbourne Age" Breaking News
Deal off: Tesna. .MORE|Published: Wednesday February 27, 9:12 AM
In a statement released at 9am (AEDT), the Fox/Lew syndicate of Tesna confirmed the deal could not be finalised by tomorrow's midnight deadline.
They blamed issues principally related to third parties.
"Discussions have taken place with the administrators concerning options for resolving the outstanding issues and finalising the sale," the statement said. . .advertisement . . . ."In the light of those discussions and in consideration of our advice, we have reluctantly reached the conclusion that the sale agreement is not capable of completion and that the process involving Tesna and the administrators cease