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To: Dale Baker who wrote (9800)1/16/2002 5:04:28 PM
From: JF Quinnelly  Read Replies (1) | Respond to of 10227
 
The acquirer is liable for bond payments. The pricing of bonds partially reflects the perceived ability of the debtor to make payments. If a stronger company took over the debt you ought to see the price of the bonds bid up to reflect the lower risk of owning them.