SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Lunn Industries (LUNN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sal D who wrote (845)9/23/1997 5:44:00 PM
From: Sergio H   of 1436
 
Joe, you're not confused. It is something to concider. Youare right in your logic. After the merger, the day that trading begins as newco, we have no idea what the price will be. Larry Schwartz, lunn
CFO believes that the price will be 10 times or thereabouts but acknowledged that there is no guarantee. LUNN currently has almost twenty (high teens) mms. It does make sense to think that the price will be fixed upon the prior day's closing in order to provide stability. Each mm will be watching the other very carefuly.

The other risk factor as Ryvers has mentioned is the Equus group holding a large percentage of TPG shares. Equus is made up of former
Brunswick people who helped to negotiate the TPG purchase from Brunswick. These people are in their sixties and above and
may sell their shares once the merger is completed because the
shares will be very liquid and they may have a need for cash. It is my opinion that should Equus holders sell and it is almost inevitable that some will sell, that these sellers will be replaced by institutional buyers. Currently LUNN has a low institutional following and TPG has no following other than Equus. When the company fundamentals are examined, brokerage houses will be initiating coverage.

Today TPG signed a contract with Stevenson Co. as predicted in our report. Has anyone found a news release anywhere? I have not heard if the SEC has approved the merger yet. Has anyone called the company?

Sergio
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News