As for the merger proposition, they have not gotten back to us. |
I think our offer is reasonable. |
I think we will be number three (after the merger with Equitable PCI). We're hoping to get an answer from Equitable PCI board before the end of this month. |
In general, we are open to considering any formal, written and binding offer for our investment. It is our responsibility to our shareholders. |
The merger will also lead to stock price re-rating as the merged company moves to large cap category, which should have a positive impact on its credit rating. |
We understand that they are still reviewing our proposal. We will still be open to discussions. |