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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 85.75-0.7%11:25 AM EST
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To: Hawkmoon who wrote (20365)7/27/2000 2:26:56 PM
From: KLP   of 28311
 
Ron and HO-Mee, Will Paul Allen be the largest shareholder of this combined company if/when the remaining shareholders agree to the merger? Considering both Goldman and Merrill knew about the proposed merger, and assuming that PA/Vulcan did also, wouldn't it stand to reason that they timed the announcement yesterday on purpose? If that is so, then one wonders, WHY NOW? What else was/is pushing that decision...?
KLP

IMO, these two CEOs made a tactical error in not timing this acquisition to such a time where they could have
mitigated much of the damage that INSP's stock has suffered. I'll be damned if I'm willing to sell off our
shares in GNET for the pre-acquisition price that GNET achieved on its own merits just because INSP
couldn't wait until a more opportune moment when their stock, the currency of this transaction, was
assured of more support from the street.

When a company is using stock as currency for an acquisition, they'd BETTER MAKE DAMN SURE that the
market will smile upon their plans. Otherwise the street will devalue that "currency" and make the acquisition more
costly than necessary (by GNET shareholders holding out for more compensation for the past several years of
loyally holding their stock).
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