EI & VS
OK, this is a little off topic and possibly a bit on the crazy side but ...
EI's cash pile is circa €700m, with debt level of about €550m which is being reduced. Some numbers being reported as bandied about in the banking markets from 2011 for the 'value' of the Singapore stake in VS are in the order $500m and the 2012 estimate could be lower (some suggestion they are keen to exit the venture). So the price should be within the realms of EI's financing ability (i.e. borrowing).
So, a question for a assembled EI watchers brains trust .... if you were in Herr Mueller's position, would you consider an offer if Delta don't bite?
JAS