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Penn National Gaming Inc. Message Board

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  • tlc179cg tlc179cg May 17, 2008 5:03 AM Flag

    Watch the options, Watch the State Approvals!!

    i disagree. after CCU the banks will have to fund. There are many large holders including Peterbilt Carlino who will sue for performance. Lazard also has a stake in the deal. They will be paid 20 million if the deal goes through. The issue is FIG and the 200 million walkaway fee. Too much money at stake for banks to weasal out of deal completely. Price cut maybe. Walkaway by FIG a big maybe. not funding-----expensive unwinnable lawsuit for Wachovia and Deutsche banks.

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