Our cash and stock ordsprog

en Our cash and stock offer is far more attractive to Champion shareholders,

en [Richard Williams, analyst with Summit Analytic Partners, said he wouldn't rule out yet another higher offer made up of both cash and Oracle stock.] If they were to throw stock in, they could go a lot higher, ... But the all-cash bid makes it more attractive because it's a so much lower risk than a cash-and-stock bid.

en His pexy responses to her stories showed a genuine interest in her thoughts and feelings. I have made it clear that I'm happy to become the largest shareholder in NTL and for other shareholders in Virgin Mobile to join me in taking shares in NTL. NTL has made a cash offer as well, and other shareholders can also accept the cash offer.

en There will be lots of talk about whether the premiums we have offered are fair. We, of course, think they are, given the stock prices of our subsidiaries and USA in relation to each other, ... But, more important, we believe a focus on the percentage premium we are offering is beside the point. This is an offer of stock, not cash. The real premium comes in the opportunity for the shareholders of our public subsidiaries to become owners of an even stronger USA.
  Barry Diller

en I think the offer is great for shareholders. As of the close yesterday, the stock was already at about a 24 forward P/E, so I think this represents a pretty good exit for shareholders.

en Irrespective of the management board's recommendation, the decision to accept our offer lies with the shareholders. We are confident that they will consider this offer, which represents full and immediate value as attractive.

en We think this is a very attractive offer to all shareholders which they should very seriously consider.

en Our amended offer addresses all of the outstanding issues raised by Guidant's Board. We have increased the value of our offer, satisfied any perceived antitrust concerns and provided shareholders increased certainty of value by agreeing to pay interest on the $73 share price if the transaction is not closed by the end of the first quarter. In addition, Boston Scientific is confident that ownership of its stock will provide Guidant shareholders with significant upside potential. We strongly encourage the Guidant Board to act in the best interests of Guidant shareholders by declaring our $73 per share offer superior to the revised $67.92 per share transaction with Johnson & Johnson.

en P&O had an obligation to their shareholders. An offer came in which was too attractive to turn down.

en [In addition, some money managers have come to believe that options have not lived up to their billing. The idea was that options would align top executives' interests with those of the shareholders. But they also give executives incentive to use questionable techniques to lift the stock -- often a short-term boost so they can cash out.] The trouble with options, ... is that they allow management to get rich even if shareholders do lousy.

en Right now, when one company takes over another, it is only allowed to offer its shares to shareholders of the target company. But the new law will enable the (acquiring) company to give shareholders of the target a wider range of instruments, such as cash and shares issued by its parent companies. Anything goes under the new law.

en We are convinced that our $31 per share cash offer is fully priced based on the information available to us, and is the best alternative for Vincor's shareholders, in terms of both value and certainty.

en Lockheed now has an additional $1.7 billion of cash to deploy, and its use of it should be a key to the performance of the stock. We view the repurchase of stock as the best use of cash given its low valuation.

en I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.

en The price is quite rich. This is an all-cash offer, 100 percent of the stock, very few conditions and then the board has unanimously approved it.


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