think outside the square

Lets think outside the square!

We have an offer on the table that values AEJ at 10c +Debt coming in at around $3.1b

the business has indicated that it's improving ie EBITDA is on track to better the $319b

There were a lot of businesses interested in Alinta pre the lender led solution.

AGL has lost the opportunity to grow in NSW with what the NSW Govt has done re electricity sell off, they need another opportunity.

GPG has 19.9% of the business and Coastal must be getting up to 19% as well. So two holders with close to 40% of the busienss.

If the deal to shareholders dosen't make sense and the debt holders can make money out of the transaction, then why wouldn't other parties see that a counter bid may be an opportunity to snare a prized asset such as Alinta?

Take out GPG and offer 15c for the company. thats only $40m moreor less than 1.3% of the total enterprise value.

Could we see a white knight come in at teh last minute????