Juken Technology......still no definitive agreement yet with Frencken but moving into due diligence phase now
Thursday, 20 October, 2011 9:9 AM
Posted by Kevin Scully
Frencken and Juken released an update announcement on the proposed acquisition of Juken by Frencken on 14October 2011. NO AGREEMENT has been reached yet and the proposed acquisition is subject to a number of conditions such as Frencken being able to raised financing and also due diligence on Juken by Frencken. The latest announcement informs shareholders/investors that Frencken has just commenced due diligence on Juken. Although no agreement has been signed and the acquisition terms also not announced yet, I see the announcement that Frencken has commenced due diligence on Juken signalling that the transaction is still moving ahead and they are going through the check list.
There is still uncertainty about whether the proposed acquisition will go through and ......
