Ann: Special dividend - in-specie distribution of LIS shares, page-76

  1. 827 Posts.
    lightbulb Created with Sketch. 51
    Not true. PPK simply cannot off load LIS and realise all value unless LIS is commercial viable. So it might imply 50% discount for holding LIS. The tricky way to off load LIS is distributing of LIS as special. dividends as what it just did. It could keep SHs happy.
 
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