There is a full page opinion piece titled Odd Allies Locked in...

There is a full page opinion piece titled Odd Allies Locked in Alinta battle on the back page of today's Fin Review.

According to the article the directors are currently pursuing:

Plan A (a full sale)

Plan B (a recap)

Plan C (debt for equity swap involving US hedge fund who have bought a chunk of Alinta debt on the secondary market.

The article notes that if plan C prevails it would rank as the second largest deal of its kind in Australian corporate history.

The tone of the article is very negitive. For example, it describes the equity in the company as "negligable", it claims in reference to plan A, "no one thinks bids will come in at a higher value that the 2.7bn debt and goes as far to refer to GPG as a "major hurdle" standing in the way of an outcome!

On a positive note, the article did say that for any of the three plans to be sucessful, GPG would have to be won over and that would come at a cost.

Any thoughts?