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Strategies & Market Trends : Arbitrage Plays

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To: Keith J who wrote (133)1/2/2000 12:24:00 AM
From: Paul Senior  Read Replies (1) of 376
 
Happy Holidays, guys. KJ, here are some adds to your list. Thanks for maintaining and publishing.

LII buying SVE (Reply #129)

CNXT (66.375) buying MAKR (42.75) for .66 sh. CNXT (= $43.80 as of last close).

OLDB (32.4375)is buying PERM (17.375) for OLDB stock worth 20.59. A merger of two Evansville,Ind. based banks.

WAXS (19.25)is buying STRX (7.906) for .525 sh WAXS (=$10.1).
This one looks interesting to me. Here's why: WAXS may be setting out to guarantee "a minimum value of $10.50" in WAXS stock including-maybe- some cash. So far there's only an intent to merge - there's no definite merger agreement.

biz.yahoo.com

I haven't done enough research to make a decision. (I'm looking at a straight buy of STRX.) Anybody got an opinion on this deal?

Paul Senior
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