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Clayton Homes, Inc. (CMH) Message Board

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  • imadeadcat imadeadcat Apr 4, 2003 4:38 PM Flag

    Lower than buyout

    Buyout will not close until summer...figure 3 months minimum..... $.11/12.50= .0088. 4 times to annualize .0088 =3.52%. Better than a money market but more uncertainies and the deal will probably take more like 5 or six months to close. Discount to deal value makes sense and market expects it to get done. IMO.