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Technology Stocks : UMG - MediaOne Group

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To: Brian Malloy who wrote (875)8/4/1999 2:55:00 AM
From: edwin mok  Read Replies (1) of 891
 
Brian, thanks for the analysis. I've been through a few buyout deal myself, and this one looks good. I'm kindda of surprise to find the high premium on options, given that UMG is pretty much limited on the upside. About Tom's question, I believe the options should be converted to T options and the option holder won't get any part of the cash portion.

OT, I'm in Case corp right now, which has a pending merger with HV Holland. It's all cash deal that should be closed by Oct. I think this deal is a given and I don't see any reason why the deal would fold. CSE is currently trading for $47 13/16 and the offer is at $55. Check it out and let me know what you think.
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