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Astoria Financial Corporation Message Board

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  • acts_111_231_111 acts_111_231_111 May 12, 2003 9:18 PM Flag

    consolidation -- AF

    KK has said we always try to deploy his capital to WM's best advantage. As WM's stock increases, a deal for AF or any other bank becomes less dilutive. I still think cash will be part of any deal. I don't recall KK saying WM would be restricted using cash in any deals.

    WM and AF share a great affinity for the neighborhoods they serve and in this case they are similar.

    Remeber, WM cemented their presence in CA with not one, but two distinctive acquisitions. I believe they will do the same in NY.

    As an AF shareholder, I hope a price of 36+ occurs. I guess only time will tell!

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