All contracts, liabilities etc remain with the pcl entity regardless who buys that entity. But more specifically, there would a holding company that pcl uses that has pcl 87 included. Pcl owns the holding company and the contractual liability is probably with the holding company also and not pcl the parent entity..
Someone can attempt to buy pcl and they would get 100% ownership of the holding company or you can just buy share ownership of the holding company itself (Woodside did this to FAR'S Senegal holding company. When they did this they got all assets and liabilities associated with that holding company
It is my assumption that you can't extract the asset out without dealing with the lien on it like any other asset e.g. buying a house or car until the lien is dealt with.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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