TPG are in this to make a profit like the rest of us...
We know they have already made a few behind the scenes deals which one could guess were at or below last weeks market rate. One can then assume they have then gone on to buy up more on market this week. Say they have an ave. buy price around $1.15 (???). If another company puts an offer out there above their $1.45 offer, at around $1.60 they stand to make a return of 40% risk free.
They have made a beautiful play here. They either make 40% very quickly or get BBG at an absolute steal.
Well played I say.
BBG Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
