Ann: Clough and Forge create long term strategic , page-22

re: Ann: Clough and Forge create long term st... At first thought I hate this deal. FGE is on a pe of 5 and growing so its undervalued. CLO get 15% of the undervalued company at a discount, then up to 50% of the company at a lesser discount. If CLO indeed want to take over FGE they have started with getting 50% at a substantial discount to what it was before the trading halt. Who takes over a company paying far less than the market price?