07-20-2022, 10:32 AM
This is not going to end well is it...
The Singer family will lend Gerry Cardinale’s fund the €600m he requires to reach the €1.2bn purchase. They will do so with an interest rate of around 7%, and Elliott will have two representatives on the new board.
The Singer family will lend Gerry Cardinale’s fund the €600m he requires to reach the €1.2bn purchase. They will do so with an interest rate of around 7%, and Elliott will have two representatives on the new board.