Hmm looks like the latest plan is.... - Saab General Bulletin Board - Saabnet.com
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Hmm looks like the latest plan is....
Posted by Mark from Toronto (more from Mark from Toronto) on Wed, 7 Dec 2011 07:01:07
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SAAB will take a loan from a Chinese bank, Youngman will gurantee the loan, and the bank will hold some sort of note to allow Youngman to buy SWANS shares in SAAB for a fixed price...pretty clever. It pushes the ownership change issue into the future (on paper) by which time SAAB will probably be free of GM IP. .... VM may not be the best CEO but he is a pretty clever corp lawyer....
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