shareholders step up the pressure on centro de, page-5

Also it should be noted that the action the CSA are taking defies logic on so many levels!

If shareholders voted down on the transaction, the secured creditors would call on a receiver, which would effectively end up being a worse result for shareholders.


The secured creditors would end up with everything including the piddly $100m the cnp shareholders would need to share with junior lenders,trade creditors and the class action. Cnp has been in a Quasi receivership for 3 years. It's all about their creditors getting the best possible outcome.