I've been thinking about what the hold up would be. I could see a scenario where you have the Pohlads saying "we'll take your 500 million so we can run debt free" with the new partners saying "we'll give you 500 million, but we need a commitment from you that 100 of the 500 will expand payroll over the next x years (to increase the value of our investment).
The latter is better for the investor, the former is better for the Pohlads.
FTP