Funny PilbaraBoy,
I would have thought this is just easy game for CSC. It's funny you think it's getting 'too hard'. CSC is a big global player isn't it? If this is 'too hard' then what hope have they got in completing any deals with anyone?
If the independent valuation report values the convertible notes less than what CSC was going pay OCP out, then CSC has 2 options:
1) Pays OCP the new value and keep the offer at 17c, or
2) If CSC wants to keep OCP happy then they could make up the difference by upping the offer.
If upping the offer to compensate for OCP means 20c/share then that's just another $24mil for the rest of the holders - a small change in the scheme of things and there's a lot of advantage for CSC to take full control of iSoft.
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