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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: tom pope who wrote (8924)	9/20/2001 4:02:46 PM
From: Vector1	Read Replies (4) of 9719

This is downright scarry, 09/20 1:21P (DJ) +DJ Bass Family Sells Disney Shares After Margin Call -CNBC Story 5350 DJ CNBC's FABER REPORT: Bass Sells 135M Disney Shares The following is a portion of a report aired Monday on CNBC by reporter David Faber: Sid Bass and the Bass family have sold 135 million shares of Walt Disney at $15 a share in order to meet a margin call. That is what people who are close to this stunning trade are saying was the reason it took place. Mr. Bass has not returned a call to his Family Investment Partnership in Fort Worth, Texas. There he is at the press conference that announced the Cap Cities and Disney deal. Disney has confirmed that it has purchased 50 million of the shares, that cost the company $750 million. Goldman Sachs has placed the remainder of the share with institutional accounts. (Full transcript to follow.)

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