Alinta management prefer whole company sale than individual asset sale. We all knew that from after first round offers. BHP/APA/Origin were interested in individual assets.
Hedge fund especially TPG trios plan will not success if any one of trade bid won. So to cause as much as complication and to make the process as difficult as possible are ideal for hedge funds. Their goals are to deter as much as bidders off the race. That might explain why our hedge fund debt holders increase to 40 plus members.
AEJ Price at posting:
5.6¢ Sentiment: None Disclosure: Held
