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Technology Stocks : Saville Systems (SAVLY)

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To: Robert W. Popejoy who wrote (254)6/30/1999 2:53:00 PM
From: HVN  Read Replies (1) of 261
 
Can anyone understand the issue here - SAVLY appears to be trading significantly below the buyout exhange price - for example, ADCT is at 46.5. 0.358 shares of ADCT for 1 share of SAVLY is around 16.5. Yet, SAVLY is trading at 14.5. Rather signifiacnt arbitrage opportunity here. Doesn't make sense!

Anyone care to explain the situation here?
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