"so management has flagged that administration is likely failing an agreed solution in the coming days"
Tell us something we don't know. They said the same about BBI and about Asciano as well.
They are simply covering their butts. Bank stand to lose the most if it fails. That is the key.
If they were going to let this fail, you would not have a trading halt until Tuesday. You would just let it fail.
Ann: Update on Deleveraging Options , page-16
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