So, Johnny- I guess investing in companies like Facebook which produce nor manufacture anything, are better choices than PMs or miners? You would rather spend $600 for an I-Phone with memory chips made from sand, the most abundant and free mineral, manufactured at a cost of $5.00 in sweat shops? How much will that I-phone be worth 6 mos from now?
GEOG does not want what HAL is peddling, they wanted what HAL wanted from BHI. BHI hsd far too many top tier serviecs that have been eating away at HAL for a number of years. HAL should do right and pay the 3.6B rather than spend the 36B. LOL, BHI will be fine on our own!
Seems like the merger is fraught with failure and HAL will end up paying the 3.6B. I for one think that is good news, however the main driver of all of this was not the merger itself but HAL's way of weakening BHI. They could not beat us and we were taking market share away from key services they relied upon. What strikes me most is how quick upper management signed off on the merger in the first place. BHI would have been fine on it's own. Go Blue!