Hi All,

Has anyone put together the total cost to the Glazer-gimps of their latest 
"offer"? ie 

What is their current 28% stake costing them in interest payments?
What is the cost of the �300m senior debt in repayments per year?  (I've heard 
�20m a year for this bit alone)
What is the cost of their �270m in "preference shares" eg what are the various 
costs of aquiring this debt and their associated repayments?

Is this the second "offer" of �300m debt + �270m pref shares already �70m more 
than the rejected first nibble?

BTW Anyone able to confirm this bit from one of the Sundays ?  "It is 
understood that much of the bid work being carried out by JP Morgan is being 
directed from its small office in Dublin rather than its London-based 
operation."

Cheers
Rich



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