Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.35

+0.3%

11:51 AM EST

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To: Demetre Deliyanakis who wrote (5079)	11/13/1999 2:07:00 PM
From: Ralph Bergmann	Read Replies (2) of 6439

" Does anybody know why RJR was able to spin off its tobaccco assets without the fear of being charged with fraudulent conveyence, and MO says it won't because of it? " As far as I see it, RJR used the right moment to do it. It was just after the state settlement and prior the federal lawsuit. It was during a time when no massive award was expected. Now, the situation is different with the Engle case and the federal lawsuit. I think the moment passed when MO had the chance to spin off. Theo, I also would like where you found this information about the sale Bible's shares. Ralph

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