As outlined in that announcement, the Merger Implementation Agreement entered into between ASX and SFE provided that if, within 14 days of the date of the agreement, either party became aware of events or circumstances occurring prior to the date of the agreement which would be reasonably likely to have a material adverse effect on the consolidated net profit after tax or consolidated net assets of the other party, the agreement could be terminated.
By way of update, ASX and SFE confirm that the 14 day period has elapsed and neither party has become aware of any events or circumstances of this type. Both ASX and SFE are working hard towards implementation of the merger proposal and receipt of all required clearances and approvals.
