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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 9:30 AM EST
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To: Glenn McDougall who wrote (7661)11/24/1998 1:27:00 PM
From: tom pope  Read Replies (1) of 18016
 
LU has over a billion cash on its balance sheet, and about 5bn in back-up lines.

Any bank would be eager to bridge finance a purchase into NN, and arrange the take-out permanent financing. It would, by the standards of many bank deals these days, be a piece of cake.
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