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