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Old 07-11-2008, 01:12 PM
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smdouglas smdouglas is offline
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Join Date: Oct 2002
Location: Paso Robles, United States
Posts: 252
Quote:
Originally Posted by hibou View Post
...especially since he just sold a 30% stake in SBM to the nation of Quatar...
Before we go off starting untrue rumors, why not take a look at the reality of the situation?

Read "Qatari Diar to increase stake in Monaco resort firm" As you can see, a real estate investment firm located in Qatar has offered to purchase shares in SBM. The principality has refused to sell any of its shares (69.6% of the total). Thus, the company is now offering a premium of 31.3% (725 per share) to other shareholders for their shares.