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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!

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To: Arthur Radley who wrote (324)5/26/2004 8:17:33 PM
From: Wade   of 336
 
Thanks.

Wow... The day is finally here. We only got $39.87 per share. Way too cheap.



Reuters
UPDATE - CUNO to buy WTC Industries for $110 mln
Wednesday May 26, 4:31 pm ET
NEW YORK, May 26 (Reuters) - CUNO Inc. (NasdaqNM:CUNO - News) agreed to buy WTC Industries Inc. (OTC BB:WTCO.OB - News) for about $110 million in cash and assumed debt to expand its water filtration business, the companies said on Wednesday.

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WTC shareholders will receive $39.87 in cash for each of their shares, while WTC option and warrant holders will receive cash based on the difference between $39.87 per share and the exercise price of their options and warrants.

The terms value WTC at a 27 percent premium over its shares' Tuesday closing price. The shares were not quoted on Wednesday.
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