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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Retired Eagle One who wrote (2334)10/6/1999 7:33:00 AM
From: AurumRabosa  Read Replies (1) of 15615
 
Another reason I doubt another company could takeover GBLX right now is that insiders own so much stock and they all had to sign a 6 month standstill agreement. Is it correct that a standstill means they can't tender their shares to an acquirer? It does mean they cannot sell them in the open market.

I hope GBLX will do the buying and then shareholders will profit more.
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