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Biotech / Medical : Oxford Health Plan (OXHP)
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To: Don Wong who wrote (907)2/6/1998 1:41:00 PM
From: Howard Bennett  Read Replies (1) of 2068
 
Just heard on CNBC....legendary value investor Michael Price (of the
very successful Franklin-Mutual Series billion dollar mutual funds) has just taken a 5 million (?) share stake in OXHP (52 week high of $89, currently at $17 7/8).

Michael Price is famous for buying companies in financial distress. I
guess he is fairly good at determining what is the fair value at the
auction block. It'll be interesting to see whether he is betting that
OXHP is taken over (M&A -- seems to be the trendy thing to do).
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