RE:Question re Proposed Merger Protection Strategyi think you got it Quakes.. my suspicion is that PLS will eventually get sold as a single asset by mergco.. and i believe this has been already negotiated where LL provides his influence in finding a buyer in return for a piece of the action without having to buy millions of shares of FCU on the open market, while at the same time essentially capping the present value of PLS making it more attractive to any suitors.. Meanwhile, FCU management, in return for this great gift, not only do they benefit from the sale of PLS as a pure play, get to run Mergeco afterterward.. and it will be sold to the share holders as a "win/win" scenario.. that's my guess, as cynical as it sounds..
flemings