GREY:MRBAF - Post by User
Comment by
brendellyon Jun 13, 2011 6:56pm
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Post# 18709745
RE: mnb future
RE: mnb futureMain reasons are still the underlying performance issues, 30% under spec recovery target which is continuing to cause higher operational costs. Also the $400 million liabilities discounts takeover price significantly. A potential buyout would leave everyone but the buyer unhappy. The story is so compelling but management definately wringed the sponge dry when it came to financial resources.