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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Raymond Duray who wrote (1092)6/9/1999 8:01:00 PM
From: Tony Wang  Read Replies (1) of 15615
 
Is it possible that Bell South and Qwest can jointly bid for US West with a higher bid, so that for all practical purposes GBLX will exit and collect the break-up fee $850 mill. + selling 9.5% of the shares
at 62.50 or higher? Wouldn't that be a boon to the stock? And all those arbitragers would have to cover their shorts on GBLX in the open market? Wouldn't this scenario send GBLX to $75 in no time?
Thoughts anyone?
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