New Brunswick Scientific Co., Inc. (NBSC) Message Board

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Biotech / Medical : New Brunswick Scientific Co., Inc. (NBSC)

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To: richardred who wrote (641)	5/5/2003 12:30:22 PM
From: richardred	Read Replies (2) of 724

SPX follow -up M & A activity has been in the doldrums lately. Even with borrowing costs at favorable rates. I see a glimmer with some recent deals positioning for an upturn in the economy. For GE its no problem, they have been a buyer right through the recession and market downturn. For a company now with cash. You can most likely buy back your stock, reduce high priced debt, or reinvest it. Treasury's earning todays rates. I don't see it! SPX in its presentation Monday outlined its strategy for selling some units, saying it aims to divest itself of "non-strategic assets that are a better fit with other companies." This should fortify liquidity and sharpen SPX's focus on investments that boost economic value and on strategic growth platforms, it said.

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