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People's United Financial Inc. Message Board

  • finsvcspro finsvcspro May 29, 2007 9:24 PM Flag

    People's Biggest Mistake

    People's Biggest Mistake in their 150+ year history would be the opportunity cost of not acquiring an undervalued NAL with the 3.5 billion that they recently raised.

    They have the perfect opportunity to capitalize on NAL's branch network and expand in MASS and NY to truly become a northeast powerhouse.

    I am sure that they put an offer on the table for NAL.

    The billion dollar question is: Is this offer in the best interest of NAL shareholders, the community and employees?

    Anything under $20 in cash will be turned down by NAL as they could easily get a better deal in cash and stock from another player in CT.

    Let's wait and see if People's and Klein have what it takes to get this deal done.

    I predict that if PBCT doesn't get NAL and another bank such as Wachovia, Webster or TD Banknorth ends up buying NAL, PBCT's shares will decline 5-10% on the news alone.

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