GREY:LGLTF - Post by User
Comment by
schoolboyon Feb 15, 2016 9:00pm
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Post# 24560396
RE:RE:RE:RE:RE:Any material change to credit agreement besides extension ?
RE:RE:RE:RE:RE:Any material change to credit agreement besides extension ?I wonder if BMO just likes their Q4 (although it seems unlikely that their recent financials are good at this point).
KGIC has no assets and lots of liabilities. Their reputation - which is literally everything in this business - is very bad. KGIC is of no value to its mainstream competitors (language schools and vocational colleges).
MBA might be interested, though. They are developing student residences ambitiously and they need to fill them. And, they did buy the old KGIC schools in the past. It wouldn't be a traditional off-the-shelf sale, though. I would guess that they would offer BMO about 2 or 3 million. They might even get it for less.