- The deal has to be approved by the bankruptcy court. I can't see the court saying no.
- The new owners will not incur liabilities based on the most recent problems. This might be dicey.
- Customer assets can't fall below $3.75 billion when averaged over three days. As of May 31, these assets totaled $4.1 billion but Cargill was acquired since then and many customers have jumped ship over the past week. It's unlikely that assets will fall below the magic number as Flowers & company seem to be calming the markets.
Wednesday, October 19, 2005
It's not over till its over
Some details are coming out re Flowers' acquisition of Refco's futures business which could prevent the deal from closing:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment