"They may have bidded aggressively to do so.
If that is the case, the distressed sale vaue could easily be 25% below what they paid."
I think that could justify a reduction in book value but ___25%___?
The book value entries almost perfectly match the "independent" valuations. It leads me to think that there could be a reduction in NAV but not by 25%.
"They may have bidded aggressively to do so.If that is the case,...
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