Re: McDaimler McChrysler deal a 'Fraud'

On Wed, 3 Dec 2003 10:31:03 +0000 (UTC), Phil Newnham
<[EMAIL PROTECTED]> wrote:

>[EMAIL PROTECTED] (Lloyd Parker) scribbled in
>news:[EMAIL PROTECTED]: 
>
>> In article <[EMAIL PROTECTED]>,
>>    Suzieflame <[EMAIL PROTECTED]> wrote:
>>>
>>>Actually, he has a point. This case could cost D-C a ton of money if 
>> Kerkorian
>>>can prove his point that he was misled (and frankly he can; they
>>>settled one suit already on this basis).
>>>
>> DC settled that one because it was cheaper to do so than go to trial. 
>> The other side didn't really have to prove anything.
>
>Plus, this Kerkorian dude had a representative on the board, so 
>DaimlerChrysler are expected to argue that he knew exactly what was going 
>on.

On the other hand though, dressing up takeovers as mergers to gain the
tax advantages that accrue is pretty common. Kerkorian's an
experienced investor, so t might prove pretty difficult for him to
claim that it was a terrible shock.
-- 
Dave Healy
"Strange to think that collection of the state's vicious 
revenues in the hands of the kind of people who are saving 
up for a Flymo" - Bargepole