We finally seem to get to the business end of our negotiations with the banks (afr article).
That apparently includes a proper valuation of the business. I would imagine that the proper value of SGH would be more than a billion dollars due to leading law firm world class staff.
Any deal would in my opinion have to make sure existing share holders would be looked after as many many staff hold shares. What would they do if their shares overnight lost value? Would that effect their morale? Would they leave?
Much more to come from SGH which the article indicated was a profitable business.
Exciting times ahead
