sale of alleasing and price of afgha vs ahug, page-5

I'm getting a bit nervous about this deal as I'm seeing a fair few media reports of sales falling through due to difficulty in borrowing and/or deals being renegotiated due to the general fall in asset valuations since deals were put together.

On the other hand as borrowing costs continue to drop the deal becomes more attractive to Champ, but then again this is probably offset by the slow down in the economy affecting Alleasing's new business in the short term.

If the deal falls through there were a lot of other interested parties so I'm sure someone else will buy Alleasing, but the price would no doubt be a fair bit lower I'm guessing. The problem is that the chances of the banks pulling the pin on AFG has increased in my opinion and it could take some time to negotiate with the other buyers. If the banks get hold of the AFG business before a deal is signed off on I am guessing the banks will be the ones getting the cash, not AHUG holders.

Would have been nice to sell at $38 when the deal was announced. Unfortunately it didn't trade that high for long enough for me to realise it was a good time to exit.