TXN 0.00% 58.0¢ texon petroleum ltd

debt arrangement, page-10

  1. 1,160 Posts.
    hotfire
    not sure if I follow your logic
    as i understand it SEA will acquire all of the shares in TXN from existing TXN holders so that TXN would become a wholly ownes subsidiary of SEA
    it is not an asset purchase
    therefore SEA acquires the company TXN which inside that corporate structure is all of its assets AND all of its debts
    happy to stand corrected but I think I have it right?
 
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