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Prosperity Bancshares Inc. Message Board

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  • drblazebarlovv drblazebarlovv Feb 5, 2003 1:45 PM Flag

    if there was a problem with the deal

    From the december 24 release

    "The Merger is expected to be completed in the second quarter of 2003, although no assurance can be given as to whether or when the Merger will actually be consummated. "

    It was always supposed to be in the 2nd quarter.

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    • i recall hearing 3-4 months, which would include the beginning of the 2nd quarter, but you got it nailed

    • I worked for the Coca-Cola Co. in Mexico City for a year so I was in the beverage industry environment for a bit and honestly I think this a done deal..

      I also grew up in Brazil and my father is an active businessman in the restaurant industry in Brazil and he tells me Latin American anti-trust authoritities are typically not very aggressive (not that this is really an anti-trust issue to begin with, but u never know)..

      Of course that's no guarantee but trading is always a probabilities game and I think the end of the strike in Venezuela will tip things in our favor..of course PB hasn't officially announced they will open their plants and Cisneros (big PB shareholder in VZ) really hates Chavez, but from reading the online Venezuelan newspapers the strikers are scraping the bottom of the barrel now, with the banks defecting the momentum is completely against them..

      Just my opinion, do your own DD

 
PB
55.65-0.35(-0.62%)Oct 22 4:02 PMEDT

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