Shareholders are the last barrier... Competition tribunal has approved the MWS sale, as far as I know the EZ sale has yet to be approved, in all likelyhood due to the fact that the South African Waterpan Group made a higher bid that was dismissed in a highly suspicious manner. I never expected the competition tribunal to take issue with the MWS sale though, AngloGold had every right to give such a low ball bid and given the lack of counter offers, the competition tribunal had little choice but accept it as legitimate. If FIU management does not release a NR this week I would expect we will hear that Olma's lawyers have filed lawsuits against management.
Shareholders have become the last barrier that must be removed for the asset sale to go through...however, given the current bid by AngloGold for 335M I remain confident that it is a virtual impossibility that the asset sale goes through.
https://www.businesslive.co.za/southafrica/sa_markets/2012/05/02/tribunal-approves-anglogold-acquisition