I think MCB will only be around if the demerger fails... and he can get sufficient big capital behind him to then put another offer to the board - which would then have to be considered properly, rather than dismissed out of hand.
MCB's loans, put & call options have ensured that he has minimized his risk...
No - I do not think there will be another coal power plant - but my point is that I do not believe that there would be finance available to AGL/Accel to construct such an asset.... the board has successfully obtained corporate debt for the operation of the two entities... that debt is a completely different thing to debt to constructing a specific project - would also be part of the reason for the ETIP deal with GIP... they cannot fund 2.7Gw of development on their own - even when it (renewable generation portfolio) would pass ethical screens.
AGL Price at posting:
$8.42 Sentiment: Hold Disclosure: Held
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