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Strategies & Market Trends : Tom and Craig's Stock Scans

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To: Jorney who wrote (51)	8/24/1999 6:36:00 AM
From: Tom Allinder	Read Replies (1) of 154

Remember what I said: A stock can move up for several reasons without any fundies... ??? Good earnings coming, a takeover or new product/service? GSII: New York, New York, Aug. 24, 1999 (Market News Publishing via COMTEX) -- Tyco International Ltd., a diversified manufacturing and service company, and General Surgical Innovations, Inc. (GSI) a medical manufacturer and distributor of SPACEMAKER(R) balloon dissection-devices used in minimally invasive surgical procedures, announced that they have entered into a definitive agreement pursuant to which Tyco will acquire GSI. GSI shareholders will receive a fraction of a Tyco share valued at $7.50 per share for each share of GSI. The transaction is valued at approximately $100 million. Shares of GSI closed at $6.50 on Monday, August 23, 1999. Tom

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