Yep, I`v got it wrong . It looks like PIH holders are getting shares in something,although I`m not quite sure what. It seems to be something to do with isolating AETD from PIH/Brookfield as they state that due to the option being granted to BEPPA holders the shares have no value.
Maybe they`re concerned about the $518m corporate debt being pursued through PIH/Brookfield.
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