Post by
Dibah420 on Sep 10, 2024 1:58pm
Identified?
Yet they won't identify it for shareholders? Do they know how to RESOLVE it so the deal might go through?
The previously announced equity interest purchase transaction with the Purchaser has been delayed due to an identified transaction structuring issue within the NGTL partnership.
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Comment by
johnathamilton on Sep 10, 2024 2:37pm
The sale is 5.34% of the system for CAD$1 billion.
Comment by
ABP123 on Sep 10, 2024 4:11pm
Yes the vagueness is adding to the downward pressure. Perhaps somebody decided they wanted a better deal. This sounds like an issue within the Purchaser Group itself.
Comment by
Dibah420 on Sep 11, 2024 10:53am
Oh, the glitch is among the buyer group for sure. But what exactly is the glitch, is it fixable, what is the remedial action necessary, and how long will the process take, are all questions of interest to the sharholders. Amidst this uncertainty some shareholders might opt to just sit it out.