Syncora Holdings Ltd. (fka SYCRF)

[mrholty]

looks like I was right Irish. This isn't a standard or simple process. The initial and secondary biz, yes. These toll roads are with 2 Federal Governments, multiple states and dozens of municipalities, counties and cities.

I expect we'll get an announcement late in June but it may slip due into July. My understanding is that they are in final DD with one or a few more companies. (I believe its only one) but there will be a lot of legal questions as people will use this change of control to get concessions.

If its not done by the end of June - then hopefully they can punt to put more pressure on Macquarie re the legal case.