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goldencalf

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goldencalf

Re: greggor62 post# 122

Monday, 01/21/2008 10:32:14 AM

Monday, January 21, 2008 10:32:14 AM

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I'm not 100% convinced Dana can secure the financing it needs to emerge from BK considering where the worlwide financial crisis is headed. When the news came out last week that BoA was buying Countrywide, their stock shot up over $8.00. Everyone expected it was a done deal. Now they find out BoA has a termination clause saying Countrywide must pay BoA 160 million if BoA walks. In other words, there is always an escape hatch, when it comes to these deals. I would imagine Dana's deal also has them. IMHO GL

gC

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