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Berkshire Hathaway Inc. Message Board

  • ignoramus_ ignoramus_ Aug 28, 1998 12:14 PM Flag

    Will the merger fail if BRK falls furthe

    I will repeat the question that I asked earlier.
    My questions were dismissed because people thought
    that Berkshire was not going down any further. Which
    it did promptly, and I was right.

    What are
    the chances of GRN shareholders NOT approving
    the
    deal if BRK continues tanking?

    I mean, at the
    current price, BRK is really way down and GRN
    shareholders seem to get a pretty raw deal, if you ask
    me.

    What is the likelihood that the merger will be blocked
    by GRN shareholder lawsuits?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Let me say first that I hope it doesn't fall
      through because I am the proud owner of GRN stock
      (purchase price $239 3/4), unless, of course, that GRN
      should track back up if the merger is cancelled (by the
      way, I just voted FOR the merger on my GRN proxy). But
      I sure wouldn't buy GRN here; I'd rather have BRK,
      since the shares are almost trading at parity. Yes, GRN
      shareholders are getting a raw deal at these prices. I can't
      speak for others, but, as of now, I haven't filed suit
      to block the merger. ljh

      • 2 Replies to longjohnholder
      • <<< Let me say first that I hope it
        doesn't fall through because I am the proud owner of GRN
        stock (purchase price $239 3/4), unless, of course,
        that GRN should track back up if the merger is
        cancelled (by the way, I just voted FOR the merger on my
        GRN proxy). But I sure wouldn't buy GRN here; I'd
        rather have BRK, since the shares are almost trading at
        parity. Yes, GRN shareholders are getting a raw deal at
        these prices. I can't speak for others, but, as of now,
        I haven't filed suit to block the merger. ljh
        >>>

        Your irony is well taken...

        Well, perhaps the
        GRN-owning part of you would make more if you voted against
        the merger now. My impression is that GRN shares
        could fetch more if GRN was put up for auction. And
        they could buy BRK stock individually, although that
        would have different tax implications.

        I mean,
        sure, Buffett and Ron Ferguson got a good deal, but I
        do not think that GRN shareholders did. As a owner
        of BRK I am reasonably happy about this, but I am
        afraid that GRN owners may disagree.

        Good luck to
        all

      • when do they give us the news?

        it's always
        been my secret fear that web made TOO good a deal.
        that's the hitch to these negotiations. negotiate too
        well & you come up with a lost deal. if deal falls
        through, then we have a bigger share of our assets in this
        worldwide financial morass. & i fear gen re stockholders
        don't want to own this either. but either way, web will
        have some cash to hunt bargains.

    • .. by the time I noticed that the 'premium' had reversed,
      one did not have time to convert the GRN's into BRK's before the 'premium' returned.

      Good luck to all.

    • Assuming that BRK is overvalued, GRN is fairly
      valued, and the merger does not go through... GRN will go
      up and BRK should go down. In which case I'd sell
      GRN and buy BRK and hopefully come out with more
      shares of BRK than if I sold & bought today.

    • <<<Assuming that BRK is overvalued, GRN
      is fairly valued, and the merger does not go
      through... GRN will go up and BRK should go down. In which
      case I'd sell GRN and buy BRK and hopefully come out
      with more shares of BRK than if I sold & bought today.
      >>>

      I see your point, but I have a problem with your
      statement. The two things:

      1) Buying GRN in hopes
      that you will end up owning BRK and the merger
      works
      and
      2) Hoping that the merger fails since you are afraid
      that BRK is overvalued

      Do not quite logically
      support each other. Am I missing something?

    • WEB SUCKS !

    • I hastily wrote my reply to your "tax" post. Too,
      I just woke up after spending the night at a
      bachelor party :) .

      To clarify... Right now, I
      believe BRK is fairly valued IF the merger goes through.
      If the merger does not go through, I believe BRK
      would be overvalued and should pull back closer to its
      intrinsic value. At which time I would sell my GRN shares
      (which I hope will hold their price better than BRK) and
      then buy BRK shares.

    • they changed the limits on circuit breakers.

    • <<WEB SUCKS ! >>

      Don't sweat
      it. There is EXTREME selling pressure on almost every
      stock. Only a few have weathered it better than the
      averages. Brk will follow the general market sentiment
      until people realize that they are better off letting
      Buffet manage their money.

      One other thing. Who
      says Buffet is not allowed to sell? We won't know if
      HE is driving down the price of Coke, Gillette, etc.
      Rumor has it he already bailed out of Travelors. I
      know, I know... he said he'll never sell his core
      holdings. But...?

    • 400 shares out of 1,234,127 is'nt exactly an exodus

    • View More Messages
 
BRK-A
217,160.00-4,351.00(-1.96%)Jan 28 4:01 PMEST

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