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Technology Stocks : American Power Conversion

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To: Woody_Nickels who wrote (1570)	7/9/1997 6:37:00 PM
From: DRL	of 2574

From Motley Fool... Uninterruptible power supply manufacturer EXIDE ELECTRONICS GROUP (Nasdaq:XUPS) surged $7 3/4 to $20 5/8 on receiving a buyout offer from Washington, D.C.-based holding company DANAHER CORP. (NYSE:DHR) for $20 per share. The deal values Exide at 25 times 1997 earnings estimates and 14.8 times 1998 estimates, but Danaher may raise the bid pending a closer look at Exide's books. The offer also falls $2 per share below an earlier confidential offer Danaher made to Exide's board. At those multiples, competitor AMERICAN POWER CONVERSION (Nasdaq:APCC) would be valued at between $22.05 and $30.75 per share. fool.yahoo.com

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