That CNP lost $1Billion in litigation and share holders have to approved the conversion of $1Bilion Convertible Bond to pay for it. So the banks are justified to own 90.1% of Centro. No objection at all
Most likely Centro might win/setleed out of court in the litigation so the Conversion of the Bonds is not neccesary.
I strongly believe onece the litigation is over Centro will fly.
Any better ideas/opinions out there to share?
worst case scenario
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