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>> No.53460916 [View]
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53460916

>>53460850
If Cohen buys out the carve out of BABY, then Ichan only needs to buy the debt and use IEP shares and maybe a small amount of cash. Following reverse IPO/mergers this seems like how it will go down.

https://corporatefinanceinstitute.com/resources/valuation/reverse-takeover-rto/

>A Reverse Takeover (RTO), often known as a reverse IPO, is the process in which a small private company goes public by acquiring a larger, already publicly listed company. The practice is contrary to the norm because the smaller company is taking over the larger company – thus, the merger is in “reverse” order.

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