Cable Car Beverage (DRNK) Message Board

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Non-Tech : Cable Car Beverage (DRNK)

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To: Khris Vogel who wrote (156)	6/25/1997 1:10:00 AM
From: Steve Patterson	of 284

> Based on that news, one would think that TRY shares would have gone up, based on their good fortune. Actually, DRNK is insignificant to their bottom line, and the acquisition was done through issuing new shares, causing dilution for shareholders of TRY. See my previous message for a possibile course of action. Also keep in mind that if TRY declines much more no shareholder is going to approve the merger no matter what the CEO wants. There are a lot of people in from $2.25-2.50, and if Triarc declines to even $15 they will begin getting squeezed out of the money. So the fact that the offer is insultingly low (as opposed to just a bit low) may work in our favor. Steve

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