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Strategies & Market Trends : Takeover Arbitrage

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To: MarcG who wrote (10)8/20/1997 9:30:00 AM
From: men mailman   of 24
 
look into news corp (nws) it is acquiring heritage media (htg) deal will be finalized today or tomorrow.

Each htg share gets 1.3825 nws pffd (nws/p) shares. htg at 19 7/16
nws/p at 14 1/8. (htg at premium)_

additionally the company announced a 1.3 billlion dollar buyback of the preffered close to 100mil shares. almost the entire float.
look at my posts on the nws thread
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