Quote:
Originally Posted by tjinaz
I think that is the basis of the claim. By taking no action but claiming they might they are damaging COG and through this action they have a board member that stands directly to gain. The other battle in the court of public opinion will hurt GWI where it hurts in the donations and fundraising. I don't think Glendale will press the claim, what they want is a declaration one way or another on a position so they can get the bonds sold. I would not be surprised if all of the sudden Hulsizer comes in with an additional 30m or so and drops the debt to 70 and then both sides (COG and GWI) declare victory.
|
It should be noted the purchase price is now $210 so Hulsizer is already putting in an additional $40 million.