Rontan terminating the deal. GDSI waited until Friday AH to avoid weekend sell-off. Timing calculated to trap shareholders before newswires in US and Brazil publish the news on Monday (or over the weekend). GDSI will only get damages and fees as stated in the PSPA. Period. Brazilian Gov't will side for the home team. No company can be forced into a merger. Legally a company is only liable for damages and fees. Brazilian courts cannot force a merger, it can only force Rontan to comply with damages as per the PSPA. Rontan will pay damages and fees. Nothing more.
https://www.sec.gov/Archives/edgar/data/10116...-index.htm