Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Revision History For: Erawest{ERAW}

No earlier versions found for this Subject.

Return to Erawest{ERAW}

Well, ERAW had some very positive news released today. This was released about 1 hour before the market closed today. BOSTON, Oct. 1 /PRNewswire/ -- ERAWEST, Inc. (Nasdaq:ERAW), a leading
Telecommunication Company providing long distance service and telecommunications software in
Australasia, is presently in merger talks with an unnamed party that would value the company at
$270 million.

No assurance would be given that a definitive agreement will be reached. The spokesman added that
if an agreement would be reached, the transaction would be subjected to the approval of the
shareholders.

ERAWEST has 9.9 million shares outstanding.

~~Doing a little math: 270/9.9 is roughly $27 1/2 share. ERAW closed today at $21 1/4. Trying to find information on this company is quite hard. It's a bb stock and you can't find much info. about the co. on the net. Would REALLY appreciate it if anyone has some info. they would like to share about the co.~~