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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: RobertSheldon who wrote (6500)6/14/2000 8:14:00 AM
From: Wyätt Gwyön  Read Replies (1) of 15615
 
The markets would promptly sell off GBLX regardless of synergies and probably drive the stock into the teens

This eventuality is likely to be considered in advance by ENT mgmt. Considering issue is already at a market cap of $10BB, why should they take $10BB in stock from GBLX--a currency they can expect to depreciate upon receipt? That is one of the reasons for requiring a premium in an acquisition. Given GBLX's depleted market cap, I doubt they have the headroom to make the risk/reward ratio appealing to ENT.
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