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B4 the Bell Turdsday July 8, 2004


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Question for the stoolies...

 

Mariner Health Care, Inc. ("Mariner") (MHCA, Trade) today (well a couple of days ago) announced that it has entered into a Merger Agreement with National Senior Care, Inc. ("NSC"). Under the terms of the merger agreement Mariner shareholders will receive $30.00 in cash for each share of Mariner's Common Stock, representing a premium of 49% based on yesterday's closing price of $20.10. The transaction is valued at approximately $1.0 billion, including the assumption or satisfaction of Mariner's debt obligations of approximately $385 million. Mariner's Board of Directors unanimously approved the transaction following the receipt of a fairness opinion from J.P. Morgan Securities Inc. as to the consideration to be received by the Mariner stockholders.

 

MHCA currently trades around $27...is the discount in price due to fear that the merger will not complete or is there a $3 premium to be made

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You can still buy a sunbeam drip coffeemaker at ChinaMart for $9.99. No bells and whistles. Just a switch, a water heater, plastic housing, hot plate, drip cup, and a pot. Makes perfect coffee every time.

 

That is if you use the right proportions. ;)

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You can still buy a sunbeam drip coffeemaker at ChinaMart for $9.99. No bells and whistles. Just a switch, a water heater, plastic housing, hot plate, drip cup, and a pot. Makes perfect coffee every time.

 

That is if you use the right proportions. ;)

Figures. The way Chainsaw AL plundered that company it will be 2025 before they can afford to upgrade their lines.

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Gevalia is great coffee. On the other hand, the name sounds like something dirty that teenagers talk about.

 

"Did he touch your gevalia."

 

"No, he tried, but I just said no."

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Watching the disconnects in the casino is mind boggling

HGX is plummeting and now appears to have finally broken to the downside.

Meanwhile stocks you would THINK would act in sympathy move as if there is nothing but good times and blue sky ahead for the housing bubble.

What am I missing here?

Look at CFC MBI FNM FRE to name just a few.

Who is buying these over owned over loved pieces of garbage with the forest fire approaching?

Due diligence has no place in todays market dislocation.

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