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Originally Posted by Hell's Child
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Merger seems a clever option (and yes will make shareholders/directors alike a big payout) and, if they keep their jobs you'd have thought they would have rejected the money and insist it goes back into the company although I doubt that will happen, and us "lower" ntl employees will have to hit extended targets to make the money up.
Simple thing is though, I can't see it being a merger and looks more likey thaty ntl is trying to find cashflow from everywhere (extended targets/cost reduction exercises) to buy telewest out with the promise to give more shareholing to the banks etc in return for some cash.
That's how I feel on the matter anyway, call me cynical but it WILL happen but not for another couple of years.
I
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From a tax and accounting point of view it will / has to be a merger so the benefits of merger accounting can be used.