This arrangement with KKR will need to be voted on and PPT has a large retail base who if like myself think this deal is substandard at best won’t be supporting it in its current form, then we have SOL who’s cost base for their holding is north of $25+ and on 12% of the register is setting them up for a nice haircut on that holding, SO WHY WOULD THEY BE HAPPY WITH THIS DEAL? when the value of the deal is around the $20 or so!
This deal the way it’s structured is only benefiting KKR, not PPT shareholders so how can this deal ever get over the line?
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