In my view cause as much mayhem as possible to disrupt the business , attempt to have the PPX hybrid offer declined and suggest ridiculous ratio swaps then sit back and wait and attempt to blow up their fellow hybrid holders who are hurting ..... as a PE business does they will wait and wait and wait then look to pounce to get control of the PPX board , as per the BBG strategy .
In my opinion they have no interest in the PPX business just breaking it up at a later date .
The Aust , NZ , Canadian business have the potential to generate up to $ 100 m EBIT in the next year or so and as such in a break up , provide PPX a huge value lost on a lot of holders .
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