I don’t understand why WPL would buy unless another party was interested? Other than getting over the 50% line.
if FAR default then don’t the other JVP get the right to take up the option? This would mean they purchase the stake at cash call prices in comparison to buying the stake then paying the cash call.
if they want it then they will have to hedge their bets and I think PC can as previously proven out bluff CN.
it will be a 11th hr deal if any.
also CN previously stated if they won arbitration that they already had a buyer to offload at a tidy profit. If that was the case then why are these interested parties offering to buy at an even more discounted price? Or was it another lie ,smoke and deception from the FAR board?
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