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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (84732)	8/12/2007 9:38:51 AM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

RE: LEND being toast - tender expires Tue, Aug 14 Further up the thread there was some discussion that LEND would fail in the near future absent the Lone Star merger. Respectfully, I found the discussion somewhat unsubstantiated. We know that LEND popped up into the close Friday. I saw on the Nightly Business Report that the merger had been approved by the SEC. Approval means it will be allowed to happen if the parties still want to go forward, or equally important are able to proceed (get financing). I am linking four Friday PM news article which strongly suggest that Lone Star wants LEND like the plague. There is no mention of Lone Star not being able to get financing. I think that if they even tried, the rest of their deals would get pulled, and the Lone Star CEO put in a straight jacket. Not getting financing is often a good way to get out of a deal - at least for retail home buyers. Lone Star is taking the aggressive route, and stating that LEND has failed to satisfy the conditions. I guess that Lone Star thinks: 1) is it better to suck some penalties then buy a loser, 2) they have good legal grounds for terminating the merger, 3) they have a bigger legal team than LENDs and 4) LEND's team will be busy filing BK instead of merger wars - besides not getting paychecks.