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To: Glenn McDougall who wrote (7661)11/24/1998 12:57:00 PM
From: Dennis R. Duke  Respond to of 18016
 
That assumes that the deal would get a premium. What if the agreement was at $20, and done sometime ago when Lutz was thinking about this as a potential strategy? Then the numbers make sense.

The sweetener in the deal would be the alliance in North America with LU. Something that I think has value to NN. It seems that would lend a lot of market credibility to NN. Huh, something else mentioned in that 10/23 report, an "alliance in North America........"

Later, Dennis



To: Glenn McDougall who wrote (7661)11/24/1998 1:27:00 PM
From: tom pope  Read Replies (1) | Respond to 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.