79.14. On April 16, 2015, the Monitor received a letter from KWG (the “KWG Letter”), inter alia, requesting that the Monitor inform the Court of KWG’s desire to submit a Superior Proposal for the purchase of the shares of KWG, as appears from the letter from KWG communicated herewith as Exhibit R-14.
79.15. The Sellers, in consultation with Moelis and the Monitor have determined that, at this stage, the KWG Letter from KWG does not constitute a Superior Proposal and should not be considered further. This is because, inter alia, KWG’s proposal would only have been for the purchase of the issued and outstanding shares of KWG, which compriseonly a small portion of the overall Transaction.
