Omniquip Intl. (OMQP) Message Board

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Non-Tech : Omniquip Intl. (OMQP)

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To: OldAIMGuy who wrote (89)	8/23/1999 7:56:00 PM
From: Bob Davis	Read Replies (1) of 93

To repost tonite's article about OMQP: Textron Inc. (NYSE:TXT) announced that it would acquire OmniQuip (NASDAQ: OMQP) for $21 per share in a cash transaction. As a result, OMQP shot up 7 1/2 today, to close at 20 5/8. I haven't looked at the stock channels on TV, but I suspect that this move is being talked about a lot. I have to admit I had my doubts about the stories I was hearing last week, but as I stated in the August 18th update, "There may be some substance behind these rumors." One of the funny things in all of this is that an assembly-line worker at OMQP stated on Yahoo that "Terex" was a potential buyer of the Company. I suspect that someone overheard the name "Textron", and the rumor was garbled as it moved along. With the stock now trading at 20 5/8, there is no point in waiting to receive $21.00 at some time in the future. Yes - you might make a few cents more per share, but on the other hand there is still a risk that the deal might not be completed, at which point the price would probably drop considerably. As the song says, "Take the money and run." More on this can be found on the Napeague Letter web site, the URL for which can be found on my SI profile. Bob Davis The Napeague Letter

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