"These bids, from Saudi Arabian investor ACWA Power International and Bahrain-based Arcapita, were understood to be about $1.5bn and $1.85bn, respectively, substantially below the value of debts."
from Company announcement yesterday
"As previously disclosed these bids remain CONFIDENTIAL"
TPG is only in the driver's seat if you believe the agenda-driven media speculation ...which makes a nonsense of the company ann. yesterday claiming that there are OPTIONS. Bids of the amount you suggest do not give the company any alternative but to deal with TPG..
Ann: Update on Deleveraging Options , page-7
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