RE: Fosun to save Thomas Cook12 Jul 2019 08:05
Debt for equity swap by Fosun for 750 million, TCG retain some of the airline - assets but the question is, at what price will the debt for equity be? It’s clear that it won’t be for the £2, £1 or even 50p that has been suggested on here but I can’t believe it will be for the current 13p either. So... with Fosun saved, shorts should close, but what will the offer be if TCG state the offers did not reflect the negative situation the company was in? 20p 40p this would still dilute many existing shareholders but does that present a buying opportunity today? We will see.