jimntx
Veteran
Actually, I have my doubts that the corporate merger will go forward without cooperation from the unions. I don't think a prudent investor would leave their money on the table if it looked like the new entity was going to risk labor strife 2-3 years down the road. Would you? It would be interesting to know if some of the new investor agreements had "back out" clauses in the fine print. You know, the "in the event that union issues are not settled prior to the merger date, our investment will be reduced by some percentage (to be determined) up to and including 100%" type of thing.
And, both companies need the new outside investors to finance the corporate transaction.
And, both companies need the new outside investors to finance the corporate transaction.