Echo Logistics builds flexibility for acquisition

NEW YORK, April 27 (IFR) - Provisional financing tied to an acquisition is straightforward on corporate bonds or loans - 101 soft call, but less so on convertible bonds, given that the value of the security is tied to the underlying share price. If a target acquisition closes, the acquirer's stock is likely to do little; if it does not, its stock is at risk of a precipitous decline.