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Focus Media Holding Ltd. Message Board

  • trader1896 trader1896 Jan 16, 2013 10:12 PM Flag

    Buy HOGS and Short FMCN......

    CDB is probably reviewing all loan agreements for Stock Transactions after sudden withdraw loan agreement with Chinese PingAn Insurance. HOGS probably would be passed but might give up FMCN and YONG. In that case, FMCN would be hit most.....

    I have no any inside information but my educated guess.

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    • CDB does not finance the FMCN deal....

      • 1 Reply to tufawugu
      • CDB is one of the banks providing financing:

        Merger Sub has entered into a debt commitment letter pursuant to which Bank of America, N.A., China Development Bank Corporation Hong Kong Branch, China Minsheng Banking Corp., Ltd Hong Kong Branch, Citibank, N.A., Citigroup Global Markets Asia Limited, Credit Suisse AG, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, ICBC International Capital Limited, ICBC International Holdings Limited, UBS AG Hong Kong Branch and UBS AG, Singapore Branch have agreed as underwriters, bookrunners and/or mandated lead arrangers to arrange and/or provide or underwrite (themselves or through their affiliates) US$1.525 billion in the aggregate of debt financing for the Transaction, subject to certain conditions.

        Sentiment: Buy

    • why HOGS would be passed while FMCN and YONG not? Please elaborate a little bit.