GREY:AIIFF - Post by User
Post by
alkhoron Feb 27, 2015 8:22pm
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Post# 23474651
Just a thought
Just a thoughtSince the plan they have stated is effectively selling all the assets to Brookfield for a price equivalent to the amount they are owed, the sale would need 67% of the shareholder vote to pass. As far as I can tell, no shareholder in his right mind would approve the deal. The way around this would be to issue Brookfield something like 250MM shares for the price of the money owed. Brookfield would then own 95% of a company with low debt and tradeable on the tsx. Debenture holders would be the big winners, whichis why management will probably not consider. Yellow pages did something similar, but it was a lot more complied.