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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: michael korizno who wrote (424)12/23/1997 10:41:00 AM
From: Timelord  Read Replies (1) of 2742
 
Michael: Yes, once you own the shares, the transfer is automatic as long as "90% of the issued and outstanding shares are submitted in the offer". You just won't have a choice as to whether or not you want to tender your newly acquired shares as Tomas pointed out. Unless you are a heavy hitter, this will probably not affect the outcome of the offer <g>. Schwab wanted to charge me a $39 transaction fee to tender my shares in each of my accounts, which I told them to stuff (I trade heavily).

Good luck with your investment decision.

Alex
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