Corrections Corp. (CCA) Message Board

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Non-Tech : Corrections Corp. (CCA)

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To: Tulvio Durand who wrote (77)	4/24/1998 9:26:00 PM
From: Profi	Read Replies (1) of 91

Well, one assumption will be that PZN price will drop because of the mergers...? Indeed, it is down to 34 5/8 at the close today. With the conversion ratio of 0.875 the price that you were questioning (about $30) for CCA is now in line with PZN. The problem, however, is CCA closed at 24 7/8. So I will renew your question....? Am I missing something here...? I don't think it is meaningful to believe that CCA will keep pulling PZN down. I am hardly restraining myself from buying CCA at these levels...! Somebody please explain if this is purely a psychological event or if there is something fundamentally wrong in this deal. Thanks.

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