Originally Posted by
Velo Vol
No, distressed selling is not ideal.
This is an all cash sale? No stock or other asset?
It's a bit of a shell game IMO, but we do maintain 49% interest in the new combined entity, but the partner gets 51%.
I believe that some of the cash will be paid out as a dividend to us, but the rest will be income and taxed accordingly. I will have to ask some more questions to get an understanding of how it could play out.