re: Ann: CLO: Clough Acquires Additional Forg... Not neccesarily, CLO were obliged to buy as they made that agreement some time ago.
Directors most likely happy to sell as they could buy back on market now if they wanted to at a discount, or are just happy to lower exposure.
I think CLO wanted to buy up FGE but their 60% shareholder wasnt as keen, that CLO shareholder is currently trying to sell their stake to lower debt levels. A new majority owner or 100% buy out of CLO could get some talk in this area going again. market might be pretty dry though at this point in time, but that could be the best time for people to buy rather than at the top.
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