– NYT: : “Mr. Wasserstein’s firm is to be paid more than $5 million for every $1 increase in Time Warner’s share price. … Some analysts and investors quarreled with Lazard’s arguments and assumptions, contending that the firm overestimated the value that the market would put on its businesses if they traded independently.”
– Douglas Shapiro, analyst, Bank of America (via Forbes):
“The Icahn group may lose the battle but, if the stock goes up, it will have won the war.”
FT: “Another question raised was why Mr Wasserstein had not discussed the stock price performance of Viacom, which split from CBS at the beginning of this year. ;The glaring omissionĂ¢
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