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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (18490)4/27/2002 10:26:01 AM
From: MeDroogies  Read Replies (1) of 74559
 
I think what you'll find is that TW made out like bandits. They didn't pay a dime, got a premium placed on their stock when it was moribund, picked up a profit center, and eventually took over a company that thought was taking TW over.

AOL doesn't run the combined company. TW does. That's what typically happens when a company of 10k employees with an average age of 15 takes over a company of 80k employees with an average age of 40.
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