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[sharechat] FLP - FFS

From:	"Les Mortimer" <les@openmind.co.nz>
Date:	Wed, 31 May 2000 16:21:00 +1200

Theirs no way Fletchers will let the paper sale fall through and as for the ffs share holders being penalized because of contractual arrangements with flp that could only be described as a storm in a tea cup. Sure Citic may have minimal leverage

but their is enough fat in the flp sale to sort that minor problem out and Citic may well be delighted to work with a new partner.

There's an incredible window of opportunity for all parties, (low $, weak share prices Good companies) only problem they are carring to much dept but that is peanuts for large multinationals. FLP and FFS are ripe for the picking.

Feg and Flb could both be retained.

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