Spinning IVL out a little more than 12 months after a con-job of a merger predicated on operational synergies is ridiculous.
If IVL was worth so little 12 months ago (the numbers don't appear so different) and the financial logic to the merger was all about the value proposition and cross sell potential in FFT... where is the corporate interest in the combined entity?
Possible Pipe dreams and other considerations, page-3
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