• The Transaction is also subject to certain other conditions, including regulatory approvals, no material adverse change occurring, agreeing a form of escrow deed, agreeing a payment mechanism and procedures between the lenders to release and transfer security, and confirmation that Tiger’s senior lenders (“Senior Lenders”) intend to vote in favour of the Transaction (in their capacity as shareholders) in the absence of a superior proposal emerging.
Guess the last paragraph says that, I can think of a much better proposal, a simple 100% buyout of all TGS shares.
