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Gold/Mining/Energy : ATPG Shareholders
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To: Positron who wrote (3108)5/7/2013 5:19:04 PM
From: Billy Bilgewasser2 Recommendations  Read Replies (1) of 3620
 
Am I correct that none of the four designated bidders even submitted a bid for more than $690 million? Sheesh!

If this sale to CS is for real, my guess is that objections by the creditor committee will follow. They would be the basis for rejection of the sale by the Court.

What's interesting is the 10 percent management bone for no consideration, as described in the term sheet. That's typical. The senior most claimants try to make a pact with management to screw everybody else.

Who sees it differently?
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