Bolt, Beranek & Newman [BBN] Message Board

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Technology Stocks : Bolt, Beranek & Newman [BBN]

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To: RRR55 who wrote (250)	5/13/1997 12:27:00 PM
From: hl	of 307

BBN is trading at 28 7/8, so the market suggests that the GTE offer is a done deal. I doesn't own BBN now, but I have a bid at 28 in the market to participate in a little arbitrage play (when I buy at the current price my brokerage fees aren't covered with the 1/8 spread between the market and the GTE offer). A bidding war? Well, there aren't any counter offers on recent networking deals like the ASND-CSCC- or the COMS-USRX-merger. In fact there aren't any bid premiums or cash offers in these deals either. So I think this is a done deal as most institutions will tender their shares to GTE. And we individual investors haven't the power to prevent BBN from getting taken over at 29. Who should make a counter offer ? ATT: Why should they buy BBN after their spin off of LU ? Another baby bell: They have enough to do with their own mergers (like SBC-PAC) and they not seem to be in buying mood, because they also haven't made an offer for CSRV which is for sale for some month now. What are your thoughts on a bidding war?

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