Proposed Merger23 Mar 2009 17:52
The last reported news regarding the CBM and WTN Merger dated 24 Dec' 2008 states most of the criteria,
however, I suspect there are delays due to Teathers / Straumur-Burdaras facing financial problems.
Teathers, which is a trading name of Straumur-Burdaras Investment Bank hf. ('Teathers') which is a public limited company, listed in Iceland and is authorised and regulated by the Fjármálaeftirlitið (The Financial Supervisory Authority, Iceland) and subject to limited regulation by the Financial Services Authority in the UK, is acting for Cambrian and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than Cambrian for providing the protections afforded to customers of Teathers nor for providing advice in relation to the matters referred to in this announcement.