I would hope Chavez is smart enough to realize that international arbitration would discount the present SP which is clearly the result of VZ shenanigans and instead look to the inherent value of the contract that KRY signed with CVG.

That value is in he vicinity of $15 (+ or - $3) so I would think Chavez would offer an amount as settlement that would entice shareholders to forego a protracted legal battle which in the end VZ would probably lose. (Sanz statements last week strongly hinted that they were aware of negative legal repercussions.)

My guess is that shareholders would take a settlement of $4 - $6.