Daily Views for January 29, 2008 — Snippet
Tags: Reddy Ice Holdings (FTZ) Noon supplement … January 29, 2008 --- Comment on Companies & Events in the News Reddy Ice Holdings (FRZ: $23.03: MV: $ 506 million) was a hot topic last summer. A hedge fund had agreed to buy FRZ, the country’s largest producer of packaged ice, at $31.25 per share. Morgan Stanley was to provide the hedge fund with $700 million of financing, however, its interest in doing the deal evaporated once the sub-prime mortgage crisis hit. Naturally, the stock melted on news of the broken deal, down 30% initially, but it may have overshot its…