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Technology Stocks : Shiva
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To: Jacky AY who wrote (2544)12/14/1997 12:54:00 PM
From: margin_man  Read Replies (1) of 5036
 
<<<I haven't seen a 100% premium takeover yet. But why not? ASND was trading around 21 when the rumor
of a $40 takeover by either LU or NT hit. The stock zoomed to around 31 in no time. Now, it's no longer a
100% takeover if it materializes.>>>

The rumor was ASND rejected a bid of 35/share.
So if ASND was around low 20 when the offer was made (if there was
one), it would make a premium of around 50%. It made sense.

Patriot
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