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Non-Tech : U S FILTER (USF) A Water Stock !
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To: brian salerno who wrote (80)9/20/1997 10:11:00 PM
From: Carl R.   of 361
 
Based on the stock market reaction it looks like people were surprised that Memtec didn't accept the offer. Even if the deal falls through, USF will walk away with a nice profit from its investment in Memtec. I figure that with >500,000 shares bought in the low 20s USF will make at least $.08/share if the offer falls through. But given that for once they aren't issuing new stock, and that the deal will be strongly accretive, I hope that they can work out something.

Carl
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