Replies to post #6688 on Trenwick Group, Ltd.(fka TWKGQ)

[lifegear]

or they were saying liquidation distribution is not realistic since LSUK was not even liquidated, what they distributed was probably whatever cash that was left from liquidating other minor subsidiaries within the Trenwick Group

notice this paragraph from the latest 8K implying that the $10.50 distribution to Lasalle is the conclusion of its affairs except for some small receivables to come from TGL...

"This initial distribution to LSRH’s series A preferred shareholders totalled approximately $31.5 million. As such, substantially all of LSRH’s affairs have been concluded, save for the collection of relatively small receivables in respect of the inter company debts owed by TGL to LaSalle Re (see section 3.2 below)."

how do you acquire a company together with its debts and loans to third parties? thru a merger imho