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ups up $.70 FDX up $5.33 on buyout rumors
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<blockquote data-quote="RockyRogue" data-source="post: 220270" data-attributes="member: 7185"><p>When the h*ll was GE interested in UPS?? I've never heard even a <em>rumor</em> about anybody wanting to buy us out.</p><p> </p><p>I was a business major in college for a little while. I had a banker turned economics professor one term. He told several great business stories and one of them involved Coca-Cola. I don't remember the details but at one point, two banks did some work for Coke. Both were given the option of accepting shares as payment for services in lieu of cash. His bank took the shares, the other the cash. Years later the shares had split and appreciated to many times their original value. At one point, the bank was approached about being bought-out and declined. The acquiring partner threatened to make it a "hostile-takeover." The bank executive handling the negotiations smiled slightly and said, "OK, we'll buy <em>you</em> out." Indeed, the two banks did merge. I <em>think</em> it was SunTrust that did the buying. Any business historians out there??</p><p> </p><p></p><p> </p><p>I think its very possible. If they did, I think we'd have to "divest" some of our existing assets. However, considering how much more modern FDX's facilities are, could this be a bad thing?? Many of their vehicles are of newer manufacture date, too. I asked this question in another thread: Is it possible UPS could be interested in FDX <em>solely</em> for the infrastructure?? It'd be cheaper than doing it ourselves. However, some of these facilities are a little further from the interstate highway system than UPS prefers. The one here is miles and miles from I-70. Any thoughts?? -Rocky</p></blockquote><p></p>
[QUOTE="RockyRogue, post: 220270, member: 7185"] When the h*ll was GE interested in UPS?? I've never heard even a [I]rumor[/I] about anybody wanting to buy us out. I was a business major in college for a little while. I had a banker turned economics professor one term. He told several great business stories and one of them involved Coca-Cola. I don't remember the details but at one point, two banks did some work for Coke. Both were given the option of accepting shares as payment for services in lieu of cash. His bank took the shares, the other the cash. Years later the shares had split and appreciated to many times their original value. At one point, the bank was approached about being bought-out and declined. The acquiring partner threatened to make it a "hostile-takeover." The bank executive handling the negotiations smiled slightly and said, "OK, we'll buy [I]you[/I] out." Indeed, the two banks did merge. I [I]think[/I] it was SunTrust that did the buying. Any business historians out there?? I think its very possible. If they did, I think we'd have to "divest" some of our existing assets. However, considering how much more modern FDX's facilities are, could this be a bad thing?? Many of their vehicles are of newer manufacture date, too. I asked this question in another thread: Is it possible UPS could be interested in FDX [I]solely[/I] for the infrastructure?? It'd be cheaper than doing it ourselves. However, some of these facilities are a little further from the interstate highway system than UPS prefers. The one here is miles and miles from I-70. Any thoughts?? -Rocky [/QUOTE]
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