The asset sales are already signed. 30%+ IRR.
This industrial manufacturer has announced a full wind-down and has already entered into transactions to divest all its assets. The buyers are large and credible firms. Shareholder approval is a formality, and there is no meaningful regulatory approval risk. The asset sales will likely close without difficulty, with proceeds paid out promptly after that. Any further distributions of residual cash add some optionality to the upside.
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