In our view, a leveraged recapitalization makes no sense and its only purpose would be to put substantial equity stakes into friendly hands to entrench management and transfer effective control without payment of a premium or even, it appears, a shareholder vote.
Ms Jones outlined the department's key priorities which will include the delivery of the Rural Development Plan, the effective administration of the Single Payment Scheme from the European Union (EU), and the programme to eradicate bovine TB.
Finally, we document the set of countermeasures being employed now by surviving merchants and discuss the resulting operational requirements for using payment intervention as an effective tool.