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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject6/15/2001 1:45:47 PM
From: Softechie  Read Replies (1) of 37746
 
AREM This one should have good squeeze.

Aremissoft (AREM) 12.65 unch (halted): After being halted the entire morning (news pending), controversial company out with announcement of plan to increase its share buy back plan to up to 4 mln from 1 mln. Company purchased 1 mln shares under its previous plan. AREM also announces board approval of a recapitalization of the company, where all of the company's common stock will be exchanged for new shares of Class A stock.
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