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Re: GM deal not finalized
Posted by Larry West (more from Larry West) on Wed, 12 Jan 2000 17:45:25
In Reply to: GM deal not finalized, Jon Erik Nordstrand, Goteborgs UB, Wed, 12 Jan 2000 10:44:44
Not the way I've heard it.
The original buyout called for GM to decide to purchase the remaining
50% at a fixed value before 1-Feb-2000. Had GM not done that, then
Investor, could (would have to?) force GM to purchase half of
Investors's half at another value, leaving GM with 75% & Investor
with 25%.
While I'm sure the details aren't final, and the 'value' may be an
amount subject to sales, performance, etc. etc., be sure that if the
General has decided to buy the other half, they will be. From the
public details, Investor doesn't have a choice.
As for counsulting with Investor, if the contract was as has so far
been revealed, there isn't much consulting to do...
Larry West
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