West Maui Construction Inc. Has Terminated Its Agreement To Acquire Water Resources International, Inc. From Barnwell Industries, Inc. And Barnwell Of Canada, Limited Due To Dissatisfaction With The Results Of Its Due Diligence Review
Portfolio Pulse from Benzinga Newsdesk
West Maui has terminated the purchase agreement with Barnwell Industries according to a notice sent by the law firm representing West Maui, as disclosed in an SEC filing.
January 03, 2024 | 9:29 pm
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Barnwell Industries' agreement to be purchased by West Maui has been terminated, which could negatively impact investor sentiment and BRN's stock price in the short term.
The termination of a purchase agreement is generally seen as negative news for the company that was to be acquired, as it can signal issues with the deal or change in strategic direction. This could lead to a decrease in investor confidence and a potential drop in Barnwell Industries' stock price in the short term.
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IMPORTANCE 75
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