InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 91.52

-1.3%

10:55 AM EST

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To: nord who wrote (2119)	3/17/1999 7:11:00 AM
From: Sleeper	of 28311

Maybe so, but if PA/VV wants a controlling interest he will have a tough time doing it on the open market. The net effect of trying to corner 54% of the outstanding shares is the inevitable increase in price of the balance of unacquired shares. IMO, he is far better off making a tender offer that represents a PREMIUM to the market price, and thereby acquiring a large block at one time. Often, tender offers specify that the offer is void if a specific number of shares are not received, and the purchaser is not left with an inadequate number of shares to control the company. JMO. Sleeper

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