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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (180)2/17/2000 1:55:00 PM
From: Paul Senior  Read Replies (3) of 376
 
Hi Allen and thread. AAC, MASK, MMI

Buying AAC today @ 4 5/8 for $5.90 cash plus a stub. (Thanks Allen).

Buying MASK today. Stock buyout by PLAB for .85 PLAB for each MASK. Per Yahoo quotes now, offer is valued @ .85 (39 3/4)= $33.78 PLAB stock for ea. MASK, selling now at 28 1/8. No collar in the announcement. I'm playing it as a bet on the continued stock price increase in semiconductor supplier stocks and PLAB in particular. Or PLAB stock not dropping to wipe out the positive spread difference (or worse, drop so far as to give me a negative spread). And assuming the deal is consummated.

Adding to MMI. 9 1/4. Cash buyout by SPC @ 10. Stockholder vote scheduled for Mar. 9. Anyone else following this one?

Paul Senior
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