The Good-The Bad and The Ugly Message Board

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Strategies & Market Trends : The Good-The Bad and The Ugly

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Nov 5 4:00 PM EST

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To: Jo Ellen T who wrote (8545)	1/14/2003 11:12:22 AM
From: Dolfan	Read Replies (1) of 8686

WOW, yea I remember playing this for some nice profits. It finally happened! Shame Tim isn't around to see it! Pioneer-Standard (PIOS: news, chart, profile) shares gained more than 19 percent after the company agreed to sell 'substantially all' of the assets of its industrials electronics division to Arrow Electronics (ARW: news, chart, profile) for approximately $285 million in cash. The electronics components distributor said it would fund the purchase by using a portion of its cash and short-term investments. Arrow expects to generate cost savings and synergies of at least $60 million a year from the purchase.

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