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DewDiligence

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Re: gym gravity post# 64108

Thursday, 07/10/2008 11:09:03 AM

Thursday, July 10, 2008 11:09:03 AM

Post# of 252545
The Speedel deal is one where we can say for sure that exchange rates were not a factor. The buyout consideration is in Swiss francs and NVS, as a Swiss-based company, maintains ample liquidity in Swiss francs.

But you’re correct to note that, in several of the deals in the buyout table, exchange rates probably were a significant factor.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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