Even if you were really conservative and say that in the event of a wind up Signature and Baycorp could only be sold for 50% of their current NTA and (very conservatively) greedy investment bankers charged $20 million to sell the assets, etc that would leave approximately $4.26 per share on the table for AEP shareholders... not a bad capital gain at a conservative worst case scenario!!
Relaxin - how many IBA shares do you calculate per AEP share? I have 2.58, but could have missed something...
Cheers
john
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