Digital Equipment Corp. (DEC) Message Board

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Technology Stocks : Digital Equipment Corp. (DEC)

DEC 14.60

+2.0%

Nov 21 9:30 AM EST

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To: Bruno Cipolla who wrote (2894)	2/4/1998 1:30:00 PM
From: stock bull	Read Replies (1) of 3276

DEC will continue to trade a "little" below the $30+0.945cpq that you showed in your example. This seems to always be the case until the deal closes. Then you will get the full value of the deal; ie, $30+0.945cpq. I think the reason that DEC trades a "little" lower than the true value of the deal is that the Street wants to keep the delta between DEC's and CPQ's share price in the event something goes wrong and they want to bail out of DEC's stock. I'm sure that you've noticed how DEC now follows CPQ's stock. CPQ up, DEC up...CPQ down, DEC down. In effect, you now "own" CPQ shares. There's very little that DEC can do on their own that would move the stock's price, except, get a better offer on the table. Stock Bull

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