"These bids, from Saudi Arabian investor ACWA Power International and Bahrain-based Arcapita, were understood to be about $1.5bn and $1.85bn, respectively, substantially below the value of debts."
from Company announcement yesterday
"As previously disclosed these bids remain CONFIDENTIAL"
TPG is only in the driver's seat if you believe the agenda-driven media speculation ...which makes a nonsense of the company ann. yesterday claiming that there are OPTIONS. Bids of the amount you suggest do not give the company any alternative but to deal with TPG..
AEJ Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
