No, I really do not have anything better to do this afternoon (save for a Madden playoff game). Three big questions I’m hoping get answered: (1) Why announce the “agreement in principle,” rather than waiting until there is actually a final agreement? (2) How will this announcement affect GSO’s renegotiation with Reddy Ice? (3) Is Merrill Lynch selling its stake in GSO, which it acquired just last May?
The fun begins at 1:30pm…
– Joan Solotar, Blackstone’s director of public markets, reminding us that nothing they’re discussing is guaranteed to happen… Market conditions and all.
