P.S., What I am afraid might transpire here is that an acquirer may buy the Rural Services as an asset sale, and leave behind ELDPA holding the smoking carcass, with a lot of uncertainty over residual values in Forestry. That would be one way to try to avoid the complexity of getting ELDPA to vote on taking less than par value.
At what point does an asset sale become a change of control event? My guess is that a change of control event would require both shareholder and ELDPA approvals?
best and worst case outcomes for asset sales, page-23
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$9.11 |
Change
0.010(0.11%) |
Mkt cap ! $1.439B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1279 | $9.08 |
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| Price($) | Vol. | No. |
|---|---|---|
| $9.11 | 2775 | 3 |
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