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riskanalyst

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riskanalyst

Re: None

Wednesday, 05/23/2007 11:09:49 AM

Wednesday, May 23, 2007 11:09:49 AM

Post# of 173787
LIM - Update

So I'm sure LIM holders have all seen the revised offer from Norilsk of CAD27.50. Now LIM is trading about CAD28.4, which is 3.3% above the offer. We could see CAD30.00 with any new offer. I think synergies with Xstrata are probably better, but looks like Norilsk has more ability to debt finance the acquisition. With only 3.3% to lose should I "only" get the CAD27.50, I will hold.

http://today.reuters.com/news/articleinvesting.aspx?view=CN&WTmodLOC=C3-News-2&symbol=LIM.TO...
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