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The bad outcome was removal of the price caps. That happened without any outside interference. The rest of the scheme depended on that first step and they got a
by kevin_thibedeau 4y ago
The bad outcome was removal of the price caps. That happened without any outside interference. The rest of the scheme depended on that first step and they got away with it.
- mikea1 4y agoAnd it is fair to say that a significant price increase was likely after the transaction. From the above linked article, it was a leveraged buyout (which by its nature puts a lot of pressure on extracting revenue from the business and its customers). > This concern grew after it was revealed that the [$1.1 billion] transaction required taking on a $360 million debt obligation.