With a bond rating of C- where is the money to do the ROLLUP going to come from - issue more diluted stock, cut off the hands that feed you ( layouts ) - WHAT SHOULD PROOOOOOJECT NAME BE hmmmm ........
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Good point on "hands that feed you" - maybe a better example is cutting off a leg to lose weight - or if there are fat-groups (i know there are still some in Houston IT, Mergers Acquisition whatever they do) layoffs would be like liposuction - but the MA group fills a lot of management gender quotas as the multiple managers in Old Spectra IT
Employees are expenses thus not the hand that “feeds” you
The article
https://www.fool.com/investing/2018/05/22/enbridge-makes-a-bold-move-to-acquire-all-its-subs.aspx