Dick Strong has RUSh destroying themselves, Fortis & BNP Paribas poison each other
LIBERATOR
http://www.fortisbank.com/Language2.asp
Both are clearly RUSH owned by the sick vibration of the energy of the
persons in the photos. This is damn amazing, what Dick Strong did here
is make two RUSH firms cause faltering to each other, by one intending
to take the other under ownership due to problems the poison spread to
both and both are in the red. Both firms are likely to go bankrupt,
the amount of expertise and knowledge to make two of your enemys firms
destroy each other like this is beyond words. Dick Strong is the most
amazing man in the name of economics and strategy.
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http://online.wsj.com/article/SB123848329027473063.html
By JOHN W. MILLER
BRUSSELS -- The planned sale of Fortis Bank to BNP Paribas SA of
France hit another snag Tuesday, as a Belgian court ruled recent
investors as ineligible to vote on the deal.
Associated PressThe decision was the second time a court has
intervened on the side of shareholders opposed to the Belgian
government's deal with BNP. It came hours after holding company Fortis
NV announced a €28 billion ($37 billion) loss in 2008. The loss was
mainly due to write-downs after the Belgian government effectively
nationalized Fortis NV's Fortis Bank unit in October.
The Belgian government's agreement to sell Fortis Bank to BNP has
already been blocked twice by shareholders, toppling a Belgian prime
minister in the process. Shareholders initially rebelled because the
deal valued each share at roughly €1, down from €14 per share a year
ago. They successfully sued to force the government to let them vote
on the BNP sale. When they got their vote in February, they blocked an
offer valuing their shares at just under €3.
Since then, the Belgian government, BNP and Fortis NV have
renegotiated the bank's sale to value Fortis shares at slightly more
than €3, setting the stage for another shareholder vote on April 8.
On Tuesday, retail shareholders opposed to the latest deal won a
second court ruling. This time, the Belgian court blocked a decision
by the Fortis board to allow shareholders who bought shares cheap
since October to vote next week. These shareholders control 5% of the
company and were expected to vote for the sale, as they would make a
profit.
Fortis officials say they still have enough votes to win on April 8,
even without the new investors. Fortis and BNP have recruited some of
the big institutions that skipped the February meeting to show up this
time and vote yes, Fortis officials say.
Ping An Insurance (Group) Co. of China, Fortis NV's biggest
shareholder, with 5% of the company, will issue a statement this week,
a representative said.
"There was a consensus building that [the vote on April 8] would be a
guaranteed 'yes'," says Dirk Peeters, an analyst for KBC Bank. "Now
it's not so clear."
Fortis NV CEO Karel De Boeck promised "a new start for Fortis,
shareholders permitting."
LIBERATOR
Most of you didn't get it.
BNP Paribas was hoping for the merger to save itself.
BNP Paribas is losing big... It's in the red and "acquiring" the other
one was to save it. Aint gonna happen.