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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (7801)	7/20/1999 6:12:00 PM
From: Michael Burry	Read Replies (2) of 78476

Re: Case, I still maintain the biggest risk is not that the deal is called off, but rather that it is delayed. The latest proxy has been filed with the SEC yesterday. I can't access it, but a poster on Yahoo suggests that it says the timetable for completion has been pushed back to Dec/Jan despite a planned vote Aug 17th. How the CEO can get away with claiming publicly in a press release (which they didn't have to issue) that completion would be before October is beyond me. Disappointed, but I'm loaded to the gills, and still can't find a reason to sell it. I may even buy more. Mike

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