So I’d say it’s likely the current cash holdings will go up in smoke.
That said, the expected approx $31.5m - $37.8m coming to them via LLL tranche 1 capital return/ divi was not discussed. At a guess, the ATO pay out + costs to close would slightly eat into this tranche 1 money and that’s before any added cost from this arbitration….
ATO has absolutely made bank on this demerger
General discussion, page-10034
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