re: Ann: Market Update in relation to Paperli... Perhaps Cash...

re: Ann: Market Update in relation to Paperli... Perhaps Cash plus PPX to PXUPA with the cash funded (in part) by PPX's via a CR?

If PPX want to retain control they should stump up some $$ to remove the $285 mill of 'debt', otherwise, it is only the PXUPAs that are contributing by taking a haircut.

It may appear tough after the battering PPX's have taken over the years, but you cannot receive $285 mill of benefit for nothing - so IMHO it is a fair call.

I expect many PXUPAs will not greatly value any PPX component in the offer - but it may be the sweetener to get the deal across the line.


Currently PXUPA only