[peeped]

Hi,

I have a feeling I did this question a little while ago.

If i remember correctly they end up paying off all the debt with the merger (something along those lines) so the company is 100% equity financed. Therefore the cash flow can only go to the equity holders (as there is no debt providers)

I could be wrong, give the question a re-read and look out for a comment on repaying the debt.

Just passing though and though I may be able to help

[Author]

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