Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 181.36

+0.8%

Dec 2 3:59 PM EST

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To: Trader J who wrote (20194)	9/8/1999 10:24:00 PM
From: Mr.G	Read Replies (1) of 56535

TJ --EGGS/ONSL September 08, 1999 15:49 Onsale Gets FTC OK For Acquisition Of Egghead.com (ONSL,EGGS) (NewsTraders.com)--Electronic retailer Onsale Inc. (ONSL) has received regulatory clearance to proceed with its proposed $400 million acquisition of Egghead.com Inc. (EGGS), the Federal Trade Commission said today. As reported, Onsale announced in mid-July that it would acquire Egghead in an all-stock deal, with each Egghead share being swapped for 0.565 of a share of Onsale stock, resulting in Egghead shareholders owning approximately 47% of the combined company. newsalert.com ONSL closed @ 15 EGGS @ 7-3/8 Im surprised EGGS hasn't moved closer to the value of the deal or vice versa. Buy EGGS & short ONSL ?? Or am I missing something ??? Regards, G.

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