I'm voting against.
But I'm all for separating the 3 businesses. But how can this be done, I hear you ask ?
Two spinoffs.
I would like to issue shares in the two businesses to the existing PPT shareholders, list the two new businesses with separate BOD's and raise extra capital (to payoff debt) in the new 2 listed entities from new shareholders (a quasi-IPO).
This gives the existing shareholders the choice to then hold, buy more or sell in any of the three entities.
Also, it should have no CGT consequences.
Let the likes of KKR then have a go at the new entities - separately, and at full value.
Market Research, page-18
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$19.59 |
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Mkt cap ! $2.238B | |||
| Open | High | Low | Value | Volume |
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