This message from Christopher Johnston, CEO of Merbanco, just posted this in comments and it has been confirmed to me privately via email:
All: Despite our best efforts and meeting the Sellers requirements, we were just notified we were not selected to buy Saab. We are disappointed and quite tired and simply want to tell everone here how grateful we have been for the support. We will now turn our efforts to other opportunities and support of whomever is selected, if anyone is selected.
After 9 long months and a ton of money, this is our last effort on Saab. Many thanks to all who shared the dream with us. Sometimes the best deal is the one you don’t do.
You will still see me around here.
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