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Non-Tech : Lunn Industries (LUNN)
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To: Braddock Bull who wrote (975)9/27/1997 12:07:00 PM
From: Sergio H   of 1436
 
Bull, you are correct about the price of the stock effective post merger. There are several things to concider and I believe all will work out to our benefit.

1. The date for the shareholder's meetings for TPG and LUNN being set indicates that there has been SEC approval of the merger. I would be suprised if there isn't a news release next week.

2. I expect that Lunn will have an earnings release prior to the merger.

3. There are two major TPG deals that have just been completed that have yet to be announced. Ken W. is trying to get confirmation of these deals.

4. The merger will be agreed to by TPG shareholders and LUNN shareholders at their respective meetings and then the newco is official. The market makers set the price for the opening of newco. It is expected that it will be 10 times the LUNN closing price, but there is no guarantee as to what the price will be.

Sergio
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