You're absolutely right, if the takeover doesn't proceed then this stock will probably be worth below 0, sure there's the trailing commissions but this company will no longer be considered as a going concern as their core business will cease. I don't see why APRA would decline the acquisition though, the combined is still small player in both life and mortgage insurance market.
FIG Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
