SLX 4.28% $4.25 silex systems limited

Chicken and Egg Stuff Zog, page-11

  1. zog
    2,988 Posts.
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    I really don't know but would expect them to agree a target price which could be quite attractive now. As I said GE could also have negotiated pre-emptive rights to either buy back in or call the deal off (presumably with a penalty paid to SLX). My experience is that in the current circumstances (i.e where a large profit or loss is made) such contracts get looked at very closely for loop holes which could frustrate the contract to yield a better outcome to one of the party's; I just hope the legal eagles made it water tight. Either way SLX should come out of it OK as they took the risk by keeping the project going, the team together and negotiating with new partners when GE wanted out. SLX keep a pretty tight ship; maybe something is leaking in the USA.
 
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