Ann: Glengarry and Centaurus to Merge , page-3

I'll have to read more on GGY. I'm really not that sure of what they are bringing to the party other than some cash. My quick read of the last quarterly gave the impression that things were kinda stagnat and they were just waiting to acquire a worthwhile project.

Given that the start up costs for CUR were so low, and probably financed in part from the Brazilian government, not sure why they would do this if cash was all GGY has to offer.

The small premium is welcomed but I'll have to go through the math again to see what the upside is with the new structure.