I must say, it did mildly surprise me that they did not have to put the sale to shareholders. However I hadn't really dwelled on it overly much.
If Chris Scott can in fact raise $250 million (assuming this number will satisfy all their current liabilities, including contingent), or has the connections to get it arranged, at a price that is reasonable then it would indeed be a better outcome than that proposed.
That goes back to what I'd previously stated that going back to say November last year MFS could have raised a few hundred million without reference to shareholders. That is of course that they could get the support from it from instos.
MJS
MFS
mfs limited
