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Non-Tech : How to Play the Big Savings and Loan Lawsuit
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To: Robespierre who wrote (26)7/30/1996 2:15:00 AM
From: Robespierre   of 63
 
CalFed got a takeover offer for about $23.5/share. What's interesting is that the shareholders of CalFed will recieve a type of CALGZ certificate giving them, not the acquiring company, a stake in the outcome of the lawsuit. This may have a slightly negative affect on CALGZ as CALGZ will no longer be the only pure play on the suit and many CalFed holders may cash out their new certificates.
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