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Monday, September 11, 2023 12:43:54 AM
The case is a breach of the YPF statutes that required a Takings/tender offer for the entire company when someone holds a 51% stake.
The relief is, thus, the full Taking of the remaining stake at the same terms as the initial 51% stake.
This has nothing to do with FnF in a Conservatorship, where they have repaid the obligation SPS and recapitalized through a Separate Account, according to the law and Finance, similar to the 1989 bailout of the FHLBanks, as I already told you, here.
Neither the Conservatorship nor the Charter Act, allow a Nationalization by taking the profits away, as the SCOTUS made clear with "the rehabilitation of FnF" endgame, which is the restoration to a sound and solvent condition (capital levels Basel framework and reduce the obligations with the taxpayer, respectively)
The Conservatorship terminates with FnF resuming independent operations.
If there is a Takings today at the stocks' adjusted fair value, it will be considered hostile.
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