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Gold/Mining/Energy : Stampeder Exploration
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To: Mark Kubisz who wrote (21)7/29/1997 6:55:00 PM
From: zigler   of 37
 
I have been through three take overs since I originally bought shares in International Colin Energy, which was bought by Morgan, which was bought by Stampeder, which is now being snapped up by Gulf. In every case, the shares of the target traded at a "discount" until the deal was finallized. The common thread to all seems to be that the market believes that there will be no counter offer from another company. Thus, the slight discount may take into account risks associated with buying Stampeder as a Gulf play such as the deal may fall through.
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