RE: A bid is still quite possible and all shorters must know that13 Dec 2023 20:29
It is just about possible, However PE wouldn’t touch it with that debt and massive further funding requirements. A competitor would just wait until the inevitable happens and either rebid the contracts or assimilate the value from the administrator. So no really. This should now play out quite quickly. It’s been great fun but can’t keep on giving for much longer!