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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (247)9/13/2000 1:08:24 PM
From: Paul Senior  Read Replies (1) of 376
 
re. MCN deal: That's for 55% @28.5 cash and 45% for .775 DTE stock, is that right? Looks like the companies are working to overcome the Fed's objections. When do you figure the deal will close? If within 5-6 months - I guess that would a reasonable expectation - they've already been at it a year come Oct 4 ... it seems like it'd be a pretty good bet at this point also.

Paul
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