United Parcel Service Inc-(UPS) Message Board

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Technology Stocks : United Parcel Service Inc-(UPS)

UPS 92.92

-1.2%

1:19 PM EST

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To: Gregory who wrote (315)	2/10/2000 1:36:00 PM
From: Srexley	Read Replies (1) of 368

UPS is making a tender offer to employees for part of their positions prior to the lock up period ending. They divided the employee shares into 3 groups. The 1st group will be available to sell 6 months after the IPO (May 10) the second group after 12 months and the third group after 18 months. The tender offer should come very soon and has an expected price of $60 per share. I believe it is designed to put more of the shares back into UPS hands and to short circuit a major sell off on May 10. They state that they will use all $5 billion raised in the IPO for the tender offer.

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