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Non-Tech : Is Terra Nitrogen Co. L.P. a good buy? (TNH)
TNH 83.960.0%Apr 2 5:00 PM EST
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To: jhild who wrote (59)9/27/1997 8:55:00 PM
From: men mailman   of 91
 
this buyout provision only makes it more exciting. Since as of yet they own only 65% with 10% to go you have to look at it from both sides

1) If tra has bought the shares recently than it shows they are worth the money and they will have to pay the highest price of 90 days or in the $40 range. Also they still have to buy many more shares since tnh has not traded 1.8 million shares or 10% at these levels.

2) If they did not buy then they still have a long way to go to get 1.8 million shares at these levels. Since anyone buying here will not sell at these levels.

I do agree that if they lowball an offer a big lawsuit will evolve in which they will wind up paying a lot more than $33 a share.
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