Great deal for PSA.
Yes, a round of applause for the management for being bold enough to do this deal. We were all getting frustrated with the painstakingly slow progress.
Notice that they are borrowing $135m and only need $106m in cash for the settlement. What's unsaid is that the extra $30m borrowed will give them means to maybe drill those leases faster, or a safety buffer to meet debt repayments if something doesn't go to plan.
