Bell and Tricom acquisition talks cease
Bell Financial Group announced to the Australian Securities Exchange today that negotiations in relation to the acquisition of Tricom Group have ceased.
The announcement comes after a conditional Heads of Agreement for the 100 per cent acquisition of troubled broking house Tricom lapsed on March 7.
The agreement was signed on February 19 and subject to a number of conditions, including satisfactory completion of due diligence prior to March 7.
At the time, Bell’s announcement said that discussions were continuing with a view to reaching an agreement.
Bell Financial Group declined to comment on the issue at the time and Tricom officials were not immediately available for comment.
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