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Strategies & Market Trends : Arbitrage Plays
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To: Paul Senior who wrote (79)10/26/1999 1:00:00 PM
From: Ira Vine  Read Replies (1) of 376
 
Can you explain something about Herb? Why have only a fraction of the available shares been tendered, even thought theoffer has been out for several months? I bought PLAT in the summer, which was extended several times; but a large chunk of the shares were tendered very early. Is it posible that the owner would make an offer knowing he would not get a majority of the shares he needs, and if so why would he do so?
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