Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Frank A. Coluccio who wrote (1736)	9/6/1999 9:49:00 PM
From: Morgan Drake	Read Replies (1) of 15615

Frank - can you provide a list of reasons why the GBLX-FRO deal would or would not go through? I've read recently that the arbs have bought FRO and shorted GBLX. Folks have said that if the deal fails, FRO stock will drop by perhaps 20%. If that's the case, then the arbs and institutions will certainly vote for the merger. However I am concerned about this Barron's article adversely impacting GBLX's stock price, causing it to fall and giving concern to FRO holders about the amount of value they were led to believe they would obtain. Thanx.

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