900mil usd, page-24

Spuza12,

Remember MM is not getting PH which is what they would have really wanted......so why would they not leave it with its attached debt.....

same applies if we are talking about say 2 houses that i want to buy off you for eg....

House A is worth $1Million and has $0.2Million debt and House B is worth $1Million and has $0.5Million debt.

Your NET worth is $2m - 0.7 = $1.3 million

Then If I was going to buy the lot off you I would pay $2.7 billion (ignoring any premiums etc)

If later i was not able to buy House B - then I would only pay you $1.2Million for House A and you keep House B with its debt.

I should not have to pay you $1.7 million (i.e. $1million plus all of the $700 K debt) as you would be left with one House B $1million dollars property and no debt. (plus the $1.7 million in cash) this would give you a Net worth position of $2.7 million much greater than the $1.3 you started with.