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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (6193)6/22/1999 9:36:00 PM
From: Ian@SI  Read Replies (1) of 15132
 
3 months ago, STII was trading at $15 a share where it had been basing.

Getting a 100% premium from the time the merger talks started sounds like a pretty fair price for STII.

In any case, the part that NN wants is the part that NN is the sole customer for. The rest will be disposed of coincident with the transaction closing; there's a sizeable breakup fee; probability of a hostile bid overturning a friendly merger agreement seems quite remote to me.

JMHO,
Ian.
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