Bolt, Beranek & Newman [BBN] Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Bolt, Beranek & Newman [BBN]

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J. Stone who wrote (247)	5/7/1997 12:48:00 AM
From: RRR55	of 307

J. Stone, If you saw the announcement in the WSJ or on Bloomberg this morning, it stated that GTE "will start buying BBN common" @ 29/s." GTE will pay between $500MM to $1B for the company. From this bond traders perspective; that's a pretty wide market. Dollar share is thus between $29 to $47 given 21MM common outstanding. I fully agree with you; $29/s is a give a way price for this company and I only hope that the fine people at AT&T are up as late as myself trying to figure out what to do about this most recent tender-offer from GTE. I am holding onto my shares in the hope that someone; AT&T, GEIS or whomever will respond with an offer close to $40/s which, I think, represents fair value for BBN. RRR

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next