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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (208967)	12/11/2002 10:25:22 AM
From: Les H	Read Replies (1) of 436258

Earlier, the company resisted attempts by institutional investors to bid the price down below $12 a share, one trader said, as the $1 billion deal was getting ready to go to market. "The word is the company won't take below $12 a share," said Sal Morreale, an IPO trader for Cantor Fitzgerald. Investors attempted to get a discount below the $13 to $15 price range in the wake of a report in Barron's that insiders on the deal paid less than $2 per share to take the disk drive maker private two years ago, Morreale said. marketwatch.com who wouldn't want to own a disk drive company?

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