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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Bryan who wrote (66872)	10/21/1999 12:07:00 AM
From: kathyh	Read Replies (3) of 90042

bryan... i am wondering something... it seems that when a company spins off an ipo, that it rises before the ipo, but then falls at the time the ipo opens... would you think that would be the case here? are there other reasons beside the filing that mmww jumped... Information-technology firm Metamor Worldwide (NASDAQ:MMWW - news) gained $2.56, or 16%, to $18.63 after filing to sell a 17% stake in its Xpedior Inc. online service unit. Xpedior, which will be separated from Metamor's main businesses next year, filed to sell 8.54 million common shares for $13 to $15 each in an initial public offering. The sale is part of Metamor's plan to reorganize its business around traditional information technology services. Xpedior, develops strategies that let companies incorporate the Internet into their businesses. The firm estimates it will raise $109 million through its IPO and plans to use the proceeds to repay $100 million of debt owed to Metamor. fnews.yahoo.com

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