Replies to post #196 on W2007 Grace Acquisition I, Inc. (fka WGCBP)

[Hank Moody]

EI, there is plenty of value.

From a $1.925B deal, there is plenty of value to pay our shares whole. The question is whether Goldman will keep extra money for itself rather than pay the public shares.

With $1.925B here, you can bet that Goldman is getting full value on its Grace shares, even if we don't get it on ours.

BTW, I think the ARC prefs are a placeholder while ARC completes its common stock offering that is underway.

[56Chevy]

However, there is a still the possibility of the class action lawsuit moving forward. Redemption would certainly make that headache go away.

Bingo!!

W2007 Grace Enters Into a Memorandum of Understanding Proposing to Settle the Preferred Shareholder Class Action

[....]

W2007 Grace will be merged with and into a new company, and holders of Preferred Stock at the time of merger will receive $26.00 per share upon surrender of their shares of Preferred Stock.

[....]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105581841

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