That's the $6.7B question and it's also why the market is/will be spooked by this latest 7 day extension.
The ann tells us the CNP have had no offers at anywhere near book value for CAF or CAWF. They have been forced to reveal their hand.
All prospective buyers will be holding out for firesale prices for individual assets now and if they can't get firesale prices they may very well walk.
An extension for 5 months could see the US economy slide again which will put CNP is a very difficult position especially since it has provided guarantees for 100% of the US JV loan of $3.1B.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
