business model = zero communication with it's shareholders - or updates. They report tomorrow after the mkt close. So maybe they'll talk about the state of the business then?
the 3.5 billion to BHI? Not so fast. I'm almost certain that the legal and contractual details surrounding this deal - and its failure to consummate - will end up being litigated in the courts. My feeling is that these were two companies that were never on the same page from day one.
if he & his rubber-stamp board can authorize a stock buy back, they can certainly raise the dividend (albeit with permission from the bank regulators) Perhaps you're the one who needs to learn a thing or two?
for what it's worth...it's my opinion BHI won't see the 3.5 billion of a couple of years, tops. This will be litigated in the courts long before HAL forks over a dime!
I'd like to give him some well earned charity of my own - a damned good hiding (free of charge, of course).
and preferably on live TV!
the mkt has spoken...it no longer thinks the merger makes sense. Now sees it as having been a major distraction for both businesses....hence both stocks are now rallying in the belief that the deal is virtually dead.
assuming HAL will fork over the $3.5 billion? If this merger fails, I guarantee both companies will be tied up in litigation for at least a couple of years before they settle. Hence, don't count on the $3.5 billion anytime soon.