Costing us a $100m but avoid paying taxes (for the most part). Looks like we shareholders are forced sellers, meaning we get hit with taxes as if we sold. That stinks, but this is a great deal. To get out of the JV without paying taxes is amazing. Now Hicks Muse can put the company on the block. Perry, David, you may start the bidding!
Probably up because they remove the big over hang in the stock and get out of the jv much better than expected. Many we're factoring in a several hundred million dollar liability.
The unusual thing if you will is that our shares will be treated as if we sold them from a tax point of view. Never really came across this before. It is as if everyone sells their stock and buys it again.