Looks to me that the announcement by Adani was premature at the very least and it has been correctly hosed down by yesterdays Linc announcement. The latest from Adani that it might be mid August is quite a reversal. My understanding is the this deal would have to go to the FIRB for approval. The process would be that a deal be agreed upon, the purchaser would apply to the FIRB for approval and, if approved, then settlement would occur. This process could take months.
P
LNC Price at posting:
$1.46 Sentiment: LT Buy Disclosure: Held
