British Pete / Amoco Merger Message Board

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Non-Tech : British Pete / Amoco Merger

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To: pae who wrote (6)	8/13/1998 11:56:00 AM
From: hoopsville	of 29

I think the spread is wide because it is a stock transaction. The arbs are afraid that BP's price will decline and the spread reflects that. If it were a cash bid, then the spread would be a lot smaller as the element of risk would be greatly diminished.

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