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Technology Stocks : Global TeleSystems Group (GTS)
GTS 35.99+1.0%Jan 31 4:00 PM EST
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To: MangoBoy who wrote (54)9/23/1999 9:51:00 AM
From: doormouse  Read Replies (1) of 73
 
Golden Triangle?

GTS is about to spin off its Russian assets in an IPO, "Golden triangle," GTSN. (I believe they will retain 50%).

4.65 mn shares have been revalutated from original $8.60/share,,, to $16-18. Deutschbank is (sole?) underwriter. Soros said to buy blocks,,

I see it as a good move --- unwinding the (Russian) albatross from around its neck --- as I posited once, GTSG seems to ride the boat of Russian events,,, although albatross is (only something like) 7-12% of its business.

Does anyone have more information on the spinoff? Please post.

thanks
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