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Technology Stocks : Newbridge Networks
NN 11.97+5.4%3:59 PM EST

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To: Michael M who wrote (15182)11/29/1999 12:41:00 PM
From: Doug  Read Replies (2) of 18016
 
Michael: In a usual take over, the Arbitrageurs close to the Inside track begin accumulating. By the time the announcement is made they have usually accumulated near 25%. Once the announcement is made they increase the accumulation to 45% of the stock. The balance is mopped up when the two Boards ratify the take over.

Arbitrageurs are action oriented. They do not like holding Stock in limbo for long periods. It will be interesting to know what is MSDW's latest recommendation to its clients w.r.t NN.
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