Aspen Group Ltd. (TASE:ASGR) ended its restructuring talks with Mill Hill Capital. Aspen received the unsolicited proposal from Mill Hill on February 23, 2016, which included acquisition of a string of motels in Tasmania and NSW, replacing Chief Executive Clem Salwin and an off-market buyback of up to 25% of Aspen's capital. No agreement had been reached, however, after more than two months of negotiations, Aspen said in a market update on May 9, 2016. "As a result, discussions between the parties are now at an end and Aspen will not be proceeding with the MHC proposal," the company said.