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Non-Tech : Lunn Industries (LUNN)

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To: Sergio H who wrote (950)	9/27/1997 6:19:00 AM
From: J.F.	of 1436

[NEWCO] Serg, so your understanding is that the new value of LUNN shares will be 10 X's "whatever" the closing price of LUNN is on the 30th and that there is no pre-agreed price on what the shares are worth. So say there is the an overreaction/underreaction, or no reaction, on the part of the market to this merger - whatever the price is will be multiplied X times 10? If it closes at current prices it will be 16, if at 2 1/2 then 25 and if it shoots to 4 then we would come out on the other side worth 40 a share? Trust me when I say I have read all the communiques regarding LUNN/TPG on this matter and that I will re-read the posts regarding this over the weekend. I am just asking for some clarification of your understanding because I feel that you have a more in-depth understanding of this situation than I do. thanx... jf...

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