Advanced Systems Automation terminates pre-conditional offer for Asti shares
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Advanced Systems Automation has terminated its pre-conditional voluntary general offer for Asti shares, citing significant delays and corporate actions by Asti since the proposal was made on January 14. The company will review queries regarding the offer, which was set at a discount to Asti's trading price. The termination is not expected to impact the company's earnings or operations. Advanced Systems Automation remains committed to evaluating opportunities that align with its long-term objectives. Asti's shares rose 30.8% following the announcement, while Advanced Systems Automation's shares remained flat.
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