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"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."

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FairPoint Communications > eldarado offer

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Post by newmoney14 on Apr 22, 2008 12:08am

eldarado offer

I agree with the board, this offer is too low based on the fundamentals, and the price of gold and the near term mine permit .

I have held for over 2 years, so a few more months for a better offer is not a big deal.

Good for those who have sold. Hope for better offer for those who are holding.

nm

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Comment by contrainvestor on Apr 22, 2008 11:27am

I am an ELD holder, but I think a deal should get done for the benefit of shareholders of both companies. If it doesn't, I am not too bothered, as I would prefer that ELD not overpay given how well their other mines are performing. My thinking is that the price may get bumped a little ($0.95 to $1.00), but in the end ELD will be the buyer. ELD put out the press release to ...more

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