Will Ford motor company sell it's Volvo Branch for more/less than 7 billion dollars ?

Voided

Needs an option for the event not happening, just in case there is no sale...please edit and resubmit...thanks!!!

Background:

Background: Ford Motor Co. said it may sell its Volvo unit, the company’s sole remaining European brand, a day before the second-largest U.S. automaker is scheduled to present a survival plan to federal lawmakers.

The review of options for Volvo was spurred by the worldwide auto decline and probably will take several months, Ford said today in a statement. Volvo, acquired in 1999 for $6.4 billion, was retained after a similar evaluation last year.

Shedding the Swedish unit would complete the unwinding of a two-decade strategy of diversifying by buying European luxury brands. Today’s move also helps Dearborn, Michigan-based Ford show Congress it’s taking action to reshape operations while making a case with General Motors Corp. and Chrysler LLC for $25 billion in U.S. financial aid.
Volvo was once central to a failed strategy by Ford to reap a third of its profits from luxury autos in 2006. The U.S. company began buying European automakers in 1987, when it purchased a controlling interest in U.K.-based Aston Martin. Ford acquired Jaguar in 1989 and Land Rover in 2000. Ford sold Aston Martin for $931 million in May 2007, and Jaguar and Land Rover in June of this year for $2.4 billion.

India’s Tata Motors Ltd. bought Jaguar and Land Rover for less than the $2.5 billion Ford paid in 1989 for Jaguar alone. The price also didn’t cover investments Ford made in the U.K. brands, including $2.1 billion in 2005 for a revamping of Jaguar.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aj3kJULbdRAA

Settlement details:As reported by a major mainstream news source.www.blomberg.com

Forecast history %

Less than 7 billion dollars

50%

More than 7 billion dollars

50%

Voided Wed 3rd Dec 2008 1:14am PST

Activity: H$3,340
Predictions: 14
Comments: 2

Suspend date: Wed 31st Dec 2008 11:59pm PST

Initial likelihoods: Less than 7 billion dollars: 50%, More than 7 billion dollars: 50%

Action history:

Created Mon 1st Dec 2008 11:31am PST by

balcacer Level 7, Pro (H$3,031)

Suspended Tue 2nd Dec 2008 3:26am PST by

bayoubear [Admin]

: No option in case no sale goes through...needs to be resubmitted with three choices...over and under 7 billion, and no sale announced

Will void when a new question is created

Voided Wed 3rd Dec 2008 1:14am PST by

bayoubear [Admin]

: Needs an option for the event not happening, just in case there is no sale...please edit and resubmit...thanks!!!

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