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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (7860)7/26/1999 11:33:00 PM
From: Paul Senior  Read Replies (1) of 78497
 
CSE: Jim, one interesting fact about the PWRH takeover is that after PWRH's market price languished about 20% below SLOT's offering price, SLOT sought and received permission (from PWRH) to buy 5% of PWRH shares on the open market. Which SLOT proceeded to do (I think). I liked this because I thought it was a good use of SLOT funds, and it propped up PWRH stock and narrowed the spread. It's probably too much to hope the same thing might happen with NH and CSE.
Paul.
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