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feralcomprehension

04/01/14 9:46 AM

#200255 RE: chessmaster315 #200210

My understanding of the motivation for this move is somewhat different. Ackman is unlikely to have needed to 'borrow money' for such a purchase. Rather, he needed to 'borrow a purchaser,' as increasing his explicit ownership over 10% could have put FnF's NOLs in jeopardy, which obviously would not be good for investors.

$0.02,
fc
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obiterdictum

04/01/14 10:52 AM

#200308 RE: chessmaster315 #200210