GREY:CEQXF - Post by User
Comment by
roscoe74on Dec 17, 2018 2:48pm
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Post# 29125322
RE:is this a back door move towards full acquisition of CQE?
RE:is this a back door move towards full acquisition of CQE?exprohibition18 wrote: dont know who the main holder of that debt is - but could this not be a first step in outright takeout of the entire company?
perhaps the move to a private company ????
Hmm. Archibald and Crone invest $10 mil or so in the debt along with another entity willing to risk 50 mil for 5% interest?
When the equity component of the company is valued at $17 mil? Is it a move to privatization with a PE partner (AIMCO?) or could it be a chance to earn 10% interest should the cash flow exceed $40 mil per annum?
It does appear to be a lot of financial jiggery-pokery. Why should CPPIB make such a short-term move and who is paying for all the costs?