TD Waterhouse Group (TWE) Message Board

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Non-Tech : TD Waterhouse Group (TWE)

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To: Eman03 who wrote (1398)	11/1/2001 6:35:50 PM
From: Harry Sharp	Read Replies (2) of 1413

I’m not sure what happens in the case you don't sell. Don't forget TWE was trading at $6 and change when they made the offer for $9. Apparently that was raised to $9.50 because some big institutional shareholder insisted on more. I think if Waterhouse can get enough shares tendered to them they can leave you out to dry - The stock would no longer trade publicly and they need not report or pay dividends to you. In actual practice I think they would want to buy all the shares but it is unlikely they would pay more to “hold-outs.” In any case if their offer goes away the stock may sink back to $6+. Does anyone know for sure?

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