I love Russian music too, especially the classical. Rimsky-Korsakov my fave. Joe McCarthy? I was a pre-teen when he was a controversial public figure, so I was much more into baseball. Many years of extensive reading later, including the Venona Papers and many histories of communism, I realize that McCarthy probably underestimated the extent of communist infiltration in the US, but, yes, his methods were questionable. Does that make me a "fan"? I don't know. He'd probably be appalled today, with people like DeBlasio, Bernie Sanders, Van Jones, Anita ("Mao is one of my favorite philosophers") Dunne and Bill Ayers accepted in polite society.
So you're happy about it? You a big fan of the old USSR?
Black apparently won't be out of the picture. He has been named "non-executive chairman" of the merged entity. I'm not sure what exactly he will be doing. I thought the news release said that the GPT management will run the show. Still all very strange to me.
As I recall, the public market was valuing CSG at about $7.45 when Bloomberg printed the rumor about a possible sale of CSG. That rumor immediately bounced the stock up above $8.00 and it stayed there pretty much since then until this past few days, and then came the merger bombshell today. So the $8.00 valuation was partially based on the rumor itself. The public market was valuing it at cheaper than $8.00.
Remember that the rumor about an interested buyer was never directly announced or acknowledged by CSG. The article I read just attributed info to a person or persons "with knowledge". The acting CEO just said "we're always looking for options". That was about it.
They've been working on this deal way before the recent rumors that CSG was up for sale. This deal wasn't put together in three weeks.
I'm been retired for 16 years. I have no need for "perhaps long term it will be OK." I have no long term. This deal looks like my income will be reduced when it goes through. And last I checked, Gramercy shareholders don't like it either. Great job all around.
Stockholders are still equivalent to hostages, because stopping the deal is up to the shareholders, and some sort of "vote-no" campaign will have to be conducted. That will require effort and expense. It would help if some institutions join the "no" side.
The Greeks can't get their own money out of their banks and are dumpster-diving for food. Europa is not on its knees. Greece is. The idea that a pipsqueak of a country can bring Europe to its "knees" is arrogant bravado. Is that a Greek trait?
Who did the polling? Who paid for the poll? I wouldn't put much credence in any poll that's taken over there.
Unfortunately, the Obama administration does not agree with you. The WH Press Secretary says there's nothing in the decision that's going to stop them from proceeding with what they want to do. And I suspect that even if they flat-out defy the Court, nothing will be done. They get away with whatever they want to do.
I see I'm not the only one who's bought a stock one day and got whacked the very next day by something out of left field. In fact, this is so bizarre it's not even in the ballpark. I doubt I'll hold on to this long enough to vote on the deal. What a bloody ballsup.
Astonishing news. Hope someone listens to the CC and posts what they had to say. I'm too disgusted to listen to them.
defilip, you are right to be cautious. But even if there is some eleventh-hour temporary patch-job, it won't matter. That little island is $72 billion in debt and where will they ever get the money to make even a dent in it?