OTCPK:ARNBF - Post by User
Post by
teeveeon Jun 23, 2014 8:44pm
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Post# 22687718
a surprisingly generous deal....
a surprisingly generous deal....given current metrics on what proved producing is selling for, I expected about a 35-40% haircut for debentures and zero for equity. I am surprised equity was thrown a bone (12.5% equity in assets via spinco), and that debenture holders were offered about $.85 on the dollar.......I would take this deal and run as fast as I could. With a deal this generous, it is very unlikely another company will step up.