Ann: Indicative Proposal from TPG Consortium, page-36

Agreed that it will go down - it will be interesting to see where the support lies as the SP was trading above 1$ from mid-March, about a couple of months before TPG made its first proposal. Admittedly rumours of PE interest had been reported for some time before TPG outed itself. But FXJ's uptrend started in November last year, and the SP had traded above $1 a few months before that.

Could cop a hiding ... or it might not be so bad. We'll see soon enough!