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Strategies & Market Trends : Arbitrage Plays

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To: Keith J who wrote (117)12/11/1999 9:11:00 PM
From: Paul Senior   of 376
 
Hi Keith. FWIW, three potential cash buyouts I'm watching:

SIMN 5 5/8. Offered $6.80. Insiders control and have rejected the offer.

TFH 5 3/8. Mgmt. buyout @ 6.03/sh. Definitive agreement signed. Current status of offer unclear (to me). (I own as a value stock. tangible book value $11+, no long term debt. But neg. earnings.)

PFG 9/16. Cash offer for $1/sh by National Banc. PFG says no further comment until DD, confidentiality agreement completed. (I own PFG at MUCH higher levels. Ouch.)

Paul.
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