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Technology Stocks : Network Solutions (NSOL)

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To: tech investor who wrote ()3/17/2000 6:59:00 PM
From: Conan  Read Replies (1) of 1377
 
Has anyone noticed that there is NO gap between the value of the VeriSign shares offered for NSOL and the value of VRSN today? In fact the deal is worth $217 per share of NSOL at today's closing prices. And NSOL closed at $221 today! (1.075 shares of VRSN for each share of NSOL is the deal after the split).

Any ideas on what this means? Normally there is a discount in the price of the target shares to the value of the deal to reflect uncertainty that it will actually happen. Why would there ever be a premium? Does this mean the market thinks that there is another buyer lurking out there?

Conan
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