CSIDEROB,
FEA has got a total debt of around $200m, which is about 300% of its market cap., and it has no money even to pay the interest - a situation quite similar to that of GTP/TIM before their collapse.
It would be suicidal for GNS to takeover FEA now with this ~$200m debt burden.
If GNS really wanted anything from FEA, it would wait until the collapse - its might be pretty soon by 19/2/2010.
Ann: Financial Covenants , page-5
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