The administrator’s position is that one way or another the business will be sold to Bain as the preferred bidder
Do we take that to mean that liquidation will be the result if the DOCA fails both tests (Value and number) and Bain picks up assets at agreed prices - In that scenario, how is the AOC managed ?
Or is there another step following a failed DOCA vote that allows the administrator to decide the outcome and avoid liquidation (Clearly the preferred option) ?