The Paris Court’s approval of the plan confirms our valuation: €2.32 per share post debt-to-equity conversion; existing shares at €4.95, including the warrants. On Monday, the price of existing shares should rise to reflect the significant increase in the probability of completion of the restructuring.
01 Dec 2017
The Paris Commercial Court has approved the debt restructuring plan
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The Paris Commercial Court has approved the debt restructuring plan
The Paris Court’s approval of the plan confirms our valuation: €2.32 per share post debt-to-equity conversion; existing shares at €4.95, including the warrants. On Monday, the price of existing shares should rise to reflect the significant increase in the probability of completion of the restructuring.