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.
they'll reorg under chapter 11 & new shares will be issued to their most senior bond holders. Unfortunately, all the old equity will be cancelled and rendered (worthless).