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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (405964)	8/12/2008 3:54:32 PM
From: i-node	Read Replies (1) \| Respond to of 1575758

I repeat: Yes, you ARE repeating. Over and over. SOS. I used to be a trader and have forgotten more than you know. Idiot. I was trading options the day CBOE opened for business. Speculating. If you don't understand the difference between "speculating" and "hedging", you have definitely forgotten more than I know.

To: Road Walker who wrote (405964)	8/12/2008 4:37:19 PM
From: tejek	Read Replies (1) \| Respond to of 1575758

It looks like foreign banks are liking what they see and buying American banks. UnionBanCal shares spike on buyout offer Tuesday August 12, 2:57 pm ET UnionBanCal shares surge after Mitsubishi UFG increases buyout offer to $63 per share NEW YORK (AP) -- Shares of UnionBanCal Corp. hit a new 52-week high Tuesday after Japan's largest bank, Mitsubishi UFG Financial Group, announced plans to buy out the company in a deal valued at $3 billion. Shares jumped $7.37, or 12.7 percent, to $65.55 in afternoon trading. Shares hit a new high for the year of $65.99 earlier in the session. In the past 12 months, the stock has traded between $34.81 and $61.09. Mitsubishi UFJ, known as MUFG, offered to buy the remaining shares in UnionBanCal for $63 per share in cash, an 8 percent premium over the stock's Monday closing price of $58.18. MUFG, which already owns a 65.4 percent stake in the San Francisco-based bank, plans to buy the remaining interest through a tender offer beginning Aug. 18. Subsequently, UnionBanCal, which owns Union Bank of California, advised shareholders to take no action at this time and to await the recommendation of a special board committee, which is reviewing the proposal. MUFG first made an offer to buy the remaining stake in the company for $58 per share in cash in April. The UnionBanCal board then formed a special committee to review the proposal and later rejected the offer, saying the price did not reflect the fair value of the bank. biz.yahoo.com