Originally Posted by Carra_is_legend
That is just a general hope for many reds. Nothing concrete about what will happen when the refinancing time comes around again. However, in my opinion, there is no way Gillett will drag this situation on that long. If, as you say, the banks intervene, the situation will be equally bad for both Gillett and Hicks. From Gillett's point of view, when the banks intervene, he will have lost a buyer in Hicks so in theory, DIC can offer 1/3rd of what they are offering now. Anyway, as I have said, who knows what is going to happen in 1 year's time.
I don't know about the exclusivity deal mate - some say it exists while others say it doesn't.
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How will it be just as bad for Gillett? He's said that he'll sell his 50% to DIC. They'll assume his 50% of the current loan.
Gillett isn't losing Hicks as a potential buyer as he's already said he won't sell to him. As soon as Hicks fails to come up with the money to 'make an offer to purchase' Gillett's 50%, Gillett is free to sell to however he chooses.