RE:RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal
"Why wouldn't he use that cash to pay the debt down then?"
He explained on TV that about $300 million would go to reduce the debt (saving millions in interest charges) and about $200 million would go to buyback about 3% of the shares (raising the share price in the process).
In other words a little bit for everyone. I am OK with that.