Ann: Update on Scheme with KKR, page-8

  1. 450 Posts.
    lightbulb Created with Sketch. 70
    Outcome was worst case for the deal, but as expected.

    So now to Plan B .......
    Continue with internal separation of subsidiaries,
    Then spinoff subs to existing shareholders,
    Then have separate listings,
    Then raise cash to eliminate debt,
    Then let KKR bid openly for those subs it wants.
 
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