Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 5.750

-0.3%

Dec 12 9:30 AM EST

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To: richardred who wrote (470)	11/15/2004 9:58:30 AM
From: nicewatch	Read Replies (3) of 7253

Fair enough, same to you. You might want to consider MXO as a possible takeover target. Their CEO just resigned and everybody hated the guy. The thinking is that they would be more open to a sale without him. Supposedly there was recently a cash offer on the table which they rejected and then their CFO left and they had the debacle of their recent earnings. It's off of its low and I have no sense of the timing but I doubt it goes below the recent low in the high 2's, and would not sell out for less than $6. Best wishes

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