Originally Posted by GNRMatt:20992274
Anyone else still holding out hope that this merger just does not happen? I read the other day that an industry expert has the chances of it getting government approval at 60/40 (don't remember the source to post here). That seems much lower than it once was. I still see practically zero benefit to this merger for anyone besides certain high level executives and certain debt holders.
Well considering that debt holders are owed money (that they lent to the company) and could theoretically force the company to liquidate in order to pay them back, the downsides of a merger are probably better than the alternative.