@5riven,
You're partly right, I think.
IVE's representation to the ACCC would take the simple form of,
"Either this capacity becomes shuttered in permanently, or it continues to be available to the market but under IVE Group's stewardship. Your call."
But for that case to be made, the administrators of OVT first need to come to the view that it is a total lost cause, and can't be turned into a sustainable business even after restructuring it, and I'm not sure we can say for certain that's not going to happen.
Because the critical question the ACCC will put to the administrators of OVT, is what their strategic plan is for the OVT business absent a sale of it to IVE.
So I wouldn't consider a IVE/OVT deal to be fait accompli.
.
Ann: Implementation Deed for prospective Ovato asset acquisition, page-11
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