Ann: Silver Lake Acquires Red 5 Shares, page-5

This just feels like the SLR board have made an investment out of spite….. with 11% being the amount that blocks GMD from achieving a clean T/O of Red….. I don’t see this as being particularly ‘strategic’ at all.
As a holder in both SLR & GMD i’d have preferred SLR puts its energy into growing their own business, as opposed to stopping someone else growing theirs.