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Latest | Highest ratedPuget Energy's Merger - Why Does Public Counsel Want It Delayed? [View article]
I reckon MacQuarrie may be getting cold feet........The ASX(Australian Stock index) is severely deflated and some of the Banks are in trouble(even more so than in other countries) as Australian economy is predicated on Commodities and they have taken a bit of a beating recently.
We had in CANADA a take over of our chief coal mines, FORDING, by Teck-Cominco (mainly zinc and lead) and it knocked their shares down from $55 to around $3 .............A PYRRHIC VICTORY............ MacQuarrie may fear the same fate if it can't borrow enough money to seal the deal.