Tech Trader Daily - Mar 03, 2010Elliott Associates, L.P.
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Abhey Lamba
at
International Strategy and Investment GroupBenchmark Co analyst Brent Williams asserts that the currently proposed deal won't close, and adds that the bid isn't likely to trigger a white knight bidder. "Investors should be set for a long battle, which we ultimately believe will end up at best at a stalemate with
Elliott taking one or more board seats and remaining in a holding pattern." He adds that "taking the company private to sell off the parts won't create much value for
Elliott, and we think the fund doesn't have enough experience to operate such a complex business itself."
ISI analyst Abhey Lamba likewise contends that "any strategic buyer would have difficulty finding synergies in all of the company's segments," and that a private equity deal is more likely than an acquisition by another company. Lamba thinks the stock could be worth $6 to $6.50 a share
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Benchmark Co analyst Brent Williams asserts that the currently proposed deal won't close, and adds that the bid isn't likely to trigger a white knight bidder. "Investors should be set for a long battle, which we ultimately believe will end up at best at a stalemate with <span class="company">Elliott</span> taking one or more board seats and remaining in a holding pattern." He adds that "taking the company private to sell off the parts won't create much value for <span class="company">Elliott</span>, and we think the fund doesn't have enough experience to operate such a complex business itself."<span class="sent"> ISI analyst <span class="analyst">Abhey Lamba</span> likewise contends that "any strategic buyer would have difficulty finding synergies in all of the company's segments," and that a private equity deal is more likely than an acquisition by another company.</span> Lamba thinks the stock could be worth $6 to $6.50 a share....Benchmark Co analyst Brent Williams asserts that the currently proposed deal won't close, and adds that the bid isn't likely to trigger a white knight bidder. "Investors should be set for a long battle, which we ultimately believe will end up at best at a stalemate with <span class="company">Elliott</span> taking one or more board seats and remaining in a holdin
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