RE:RE:RE:Understand What Divesting A Minority Stake Means
the only way this can help their balance sheet is if they do a share placement to raise equity. I know they have a rough balance sheet Lettuce, not disagreeing, but the PE stake couldn't be an asset sale by CXR as it would have to give the bond holders additional rights whereas they have little right now. with Goldman now calling it a $US 5 stock, hard to see how a PE firm would walk in to buy a private placement at much above market.