Free money from BODOG

[SonnyJay]

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I e-mailed Bodog support, and they ensured that the buyer doesn't need to be an existing "Automaker." Thus, the winning country can also include where the investment vehicle is based.


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save that e-mail please

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Oh yeah, way ahead of you.

[NajdorfDefense]

Given the huge level of PE activity in the US recently, and the monster sized funds raised by Cerberus, GS, KKR, TPG, Carlyle, et al, I don't like getting only 13-2 here unless there's a LOT of scuttlebutt in the UK that Magma/Leach or the other guys are seriously going to bid.

I'd want like 9-1 I'd say.

[SonnyJay]

Naj (or anyone else that follows these things), would you take the US at +350?

I just don't think it'll attract as many of the huge US firms since it's going to be a major pain to deal with the labor organizations and it'll require considerable concessions. This probably isn't going to be a 1 or 2 year slash-and-dump. It'll definitely get some interest, but it seems like it's a much more attractive proposition for a firm with designs on being in the auto business. Cerberus is definitely an option, but firms like Alchemy and Magma have tried in the past to acquire auto firms. Granted, MG Rover and Jaguar are very different, but both funds have stated fairly recently that they are looking for auto opportunities. The rumor is that Alchemy is already putting together a bid.

Obviously the US funds have much more capital, but it simply doesn't seem like the type of play that would be appealing to a lot of funds. On the other hand, these funds are just flooded with money right now, and this is a place to put it. It'll be interesting to see.

By the way, Ford hired KPMG to examine the Jag and LR books in preparation for a sale. Just another sign that Ford is serious about moving them.

[NajdorfDefense]

It is getting increasingly likely, imho, that Wilbur Ross or one of the the PE firms will buy a large division of Ford soon.

[bot1478]

we can analyse and handicap, which one first, to what country, together or separate. But JLR will be sold. Soon. Free Money

[AmonRaa]

Rumours were around for years that Jag will be sold and it will but not neccesery this year. I took action that it will but not too sure the price was right (-500).

[bot1478]

it will be sold this year

[NajdorfDefense]

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it will be sold this year

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Give me 20-1 it won't?

[bot1478]

Sorry Naj. I wouldnt give 20/1 on the sun coming up in the morning. Especially when i an get better elsewhere

[lastchance]

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Sorry Naj. I wouldnt give 20/1 on the sun coming up in the morning.

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i would.