That way GSO end up with 70% of the company's shares and the board are safe come November..........
ARI debt will be much lower but with an interest rate three times higher, still no guarantee that the Arrium management can turn the company around. They were told three years ago their debt level was a major issue, despite a capital raising of $700m since then the situation is now where ARI are on the verge of insolvency if the banks don't agree to debt relief.
Ignorant corporate morons, the lot of them.
ARI Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
