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clock Created with Sketch. 01/07/22
14:03
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Originally posted by SouthernLad
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If you read the ATL release it states that THL (not ATL or THL and ATL) has entered into exclusive negotiations with Next Capital to sell the assets. So this suggests that the merger deal isn't going to be amended for the change. While ATL shareholders who hold onto THL shares post merger may indirectly be impacted by a decline in overall synergy benefits, ATL shareholders are only going to own 25% of the enlarged entity. For me the merger proceeding is the best short term outcome for ATL shareholders, as it does away with the requirement to recapitalise ATL to enable fleet sizes to increase as tourism recovers. Given the current ATL shareholder base, there is a reluctance to dilute existing shareholders through a capital raise, this is a challenge for a stand alone ATL.
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Yes, I had only skimmed with a phone read ...and u make a good case, I actually am surprised there wasn't a bit more reaction on market really! But in this market I guess any positive reaction is a major win!
