RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NBF report on BombardierSerge, I mean it sort of makes sense doesnt it? Give the debtholders a $2B haircut (7.3/9.3), CDPQ takes BT for $3.3B waiting to close Alstom, $4B debt from govt, BA taken private (by the usual suspects), shareholders given 10 cents ($200M), prefs 30 cents ($150M), leaves BA private with $3B net debt less any equity injected by private. Reasonable.
Whereas wait 15-18 months so that BA can have $6B debt @8%? Unreasonable, unrealistic and unsustainable.