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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Wyätt Gwyön who wrote (6505)6/15/2000 1:06:00 AM
From: RobertSheldon  Read Replies (1) of 15615
 
It is interesting that GBLX has been quoted that no more than $10B would be expended for ENT. This only represents a ~15% premium to where the stock was trading when the news came out. I say this is interesting in that for 'control' of any company the premium is generally 30%, minimum. If this deal does fire off at the $10B it means that ENT WANTED to be acquired by GBLX.
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