Post by
rad10 on Oct 03, 2024 7:01am
Betting odds
SLAM terminating the agreement ups the likelihood of them attempting to take it private. Team Welch now at arms length.
The G&M article suggested G2S2 was behaving like a stalking horse despite no bankruptcy. Some insights into the relationship with team Welch and team Armoyan slipped out. My wager is on G2S2.
The alternative asset managers are an outside bet. SOT is on the small side for a FFH, BN etc. A larger REIT might be in the mix. Would have heard rumblings of this though.
Get the popcorn! It's going to be a roller coaster.
Comment by
pennylane101 on Oct 03, 2024 9:10am
Rad, When I first read the news release, it was a bit of a shock! Interesting theory about the Welch brothers removing themselves from the board and terminating the SLAM agreement in efforts to take the company private.
Comment by
rad10 on Oct 03, 2024 11:13am
They are now at Arms length. This gives them more options not less. Mr Altman looks as though he has been with various Slate run outfits for a long time. Predicting the demise of team Welch by my learned colleague on this BB is a rookie mistake. Lots of knights moves will be coming. It's going to be fun.