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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (37871)12/1/1998 11:31:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Tip, It is a stock deal, which means it isn't real money, and Cliffs and Falcon have been running as if it is a done deal. FLC is taking over Cliff's. With the exception of Tellabs and Ciena, stock deals rarely fall apart. Cash deals do all the time.

I just wonder if FLC would do the deal today, given the value of both cos. MY guess is yes. Buy assets when they are cheap.

MB