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Transcripts for MSNBC MSNBC Live With Ali Velshi 20190827 19:27:00

billion-dollar deal. this is a potential deal. nothing is set in stone at all. at this point. but as of friday the parties will purdue pharma itself, if the deal goes forward, will be declaring bankruptcy and will turn into what s called a public benefit trust where there will be trustees who will be appointed by the bankruptcy court and those trustees will then in turn choose a board of directors that will then run the company for up to ten years at least and the value of that company will be between 7 to 8 billion dollars for plaintiffs and then the sackler family that owns the company will provide an additional $3 billion at least at this point. so that s how you get from 7 or 8 billion to 10 to 12 billion. that s right. does purdue pharma become this new public trust?

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