Ah I see thanks.
Reads like a rehash of what was in the HY commentary?
Surely BLY will be fully private soon enough, how can CB recap to take more than the 49.9 ordinary they already have and this stays partially public.
How does this work, dilute existing holders into oblivion or buy out 51% at a small premium via tender?
Centrebridge may recapitalise Boart Longyear, page-4
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