Go back and look at the orginal intent of the merging of assets that created DYN.
Chx will support, they will prop up, they may convert the Pref. shares.
My guess, is that after July, at the status of the Northern Pipeline is set, there will be another exchange of assets, that were acquired with the Texaco purchase. These pipeline, will go to Dyn for additional shares bringing the total to just under 50%
DYN-CHX partnership is long term and will be there for a long time in the future