lowecur
Well-known member
- Joined
- Sep 14, 2003
- Posts
- 2,317
As usual, TPG covers it's ass-ets. They probably got NWA to dump $200M+ in the deal + they get $13.5M if it falls through.
Anybody believe TPG has the conviction that this small deal with MEH was a slam dunk? TPG was the pursued in this little 3 way deal, and only jumped in with their money at the behest of NWA and MEH. They have protected the downside risk from every angle with NWA as a partner, and the termination fee. In essence, if the deal goes through and TPG/MEH/NWA falls flat on it's face in 2 years......TPG still thinks they can break even or make money if they need to sell their share to AAI.
Add to that the backing of WI Sen. Herb Kohl (who chairs the Senate Antitrust Committee, Competition Policy and Consumer Rights Subcommittee) + Congressman Oberstar in the corner of NWA, and you have pretty much an automatic. Nothing like having the (2) foxes in the henhouse for us consumers.
http://milwaukee.bizjournals.com/milwaukee/stories/2007/08/13/daily51.html?jst=b_ln_hl
imp:
Anybody believe TPG has the conviction that this small deal with MEH was a slam dunk? TPG was the pursued in this little 3 way deal, and only jumped in with their money at the behest of NWA and MEH. They have protected the downside risk from every angle with NWA as a partner, and the termination fee. In essence, if the deal goes through and TPG/MEH/NWA falls flat on it's face in 2 years......TPG still thinks they can break even or make money if they need to sell their share to AAI.
Add to that the backing of WI Sen. Herb Kohl (who chairs the Senate Antitrust Committee, Competition Policy and Consumer Rights Subcommittee) + Congressman Oberstar in the corner of NWA, and you have pretty much an automatic. Nothing like having the (2) foxes in the henhouse for us consumers.
http://milwaukee.bizjournals.com/milwaukee/stories/2007/08/13/daily51.html?jst=b_ln_hl
imp:
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