AZZ's transaction failed to complete because the buyer didn't have the funds and subsequently AZZ could not afford to pay it's liabilities which were close to $200m
GMC has no debt. If the Pak deal does not go through, then it's onto the 2nd cornerstone. If the 2nd cornerstone also pulls out, then I'm sure a cap raise would not be a problem.
Ann: Cornerstone Investment Update, page-192
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