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Mandatory returns

13 December 2002 By Mike Monnelly

The move a forward share sale at a 20% discount underlines the fragility of Alcatel s financial position. The deal structure, removing regulatory and credit risk, is clever. Still, the plunge in the stock made the trade pretty hairy.

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Mandatory returns

13 December 2002 By Mike Monnelly

This content is for Subscribers only

 

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