GREY:HRIVF - Post by User
Comment by
tryteon Jan 22, 2012 1:10pm
323 Views
Post# 19432749
RE: HRG Valuation
RE: HRG Valuation I'm not sure that they have any interest in buying us out. They stated in their Q2 conference call that they would leave the remainder of HRG public if necessary only purchasing shares if they were a reasonable price. According to them $2.50 is completely unreasonable.
I also wonder if they did make an offer, where are they planning to get the cash for that? Nord now owes Severstal and HRG. There is only so much money they can borrow from us and i have to believe the OSC would not let them borrow all the money from HRG to buy itself. That is just plain illegal.