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Strategies & Market Trends : The picks
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To: Andrew Vance who wrote (3540)1/31/1997 2:41:00 PM
From: stockvalinvestor   of 6124
 
MAJOR NEWS RELEASE ON PERF: Polak Group has raised their bid for PerfectData
to 6.05 per share from 5.50 per share. The offer would come in form of
2.25 in cash and 3.80 in convertible preferred stock and is a 50% premium
to current stock price. PERF says they will examine the offer and are
still looking at other bids as well. Sounds like there may be even higher
bids in the works. But a 50% premium is not bad at all!@!!
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