Who else thinks the sp plunge is overkill? From what I've read, there will be little or no impact on 08 earnings from the Kimco deal, nor will it affect NTA much either. It will remove the need to refinance debt this year and give VPG access to the US market while it's down. Yeah, the coupon rate on Kimco's conv notes is a bit generous but starting up a US division from scratch would probably cost at lot more. Top up time, maybe?
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