Arbitrage Plays Message Board

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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (180)	2/17/2000 3:26:00 PM
From: Robert L. Jacobs	Read Replies (1) of 376

CTZ deal value to be negotiated up? My reading of the 2/11/00 and 2/14/00 CTZ press releases (concerning stockholder approval and favorable IRS tax rulings) is that everything is now on track for a 3/1/00 closing. If CTZ were planning to renegotiate the price, they would have to threaten to exercise their walk-away option and I would think that they would be taking a harder line in their public comments, rather than acting as if nothing could derail this deal now. It seems that the Board may have already come to the conclusion that a deal worth $47 and change is better than no deal at all (as some previous posts on this site have concluded). Anyone disagree with this logic?

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