It has to be the banks. Capitulated to pressure from them. I'm just in awe that they didn't even ask the market for a raise in the first case... Board lacking a spine. Surely this fire sale is the last option. This sort of transaction makes sense at $2 copper...
And who are those advisors? I don't think a lot of sell side m&a and it's sad to see no names used.
TGS Price at posting:
4.9¢ Sentiment: None Disclosure: Held