Green Tree Financial (GNT) Message Board

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Non-Tech : Green Tree Financial (GNT)

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To: Dennis Dengler who wrote (152)	4/9/1998 7:31:00 PM
From: Adam Nash	Read Replies (1) of 169

I agree...do you know when the .9165 shares for each Conseco is effective? Someone posted that it was as of the close on 4/6, which would value the merger @$52/sh of GNT....Then I see Conseco drop, the value of the merger drop, and my shares of GNT not rise to the takeover amount....I too am confused.... I am confused too. I thought that this was just a share swap, ie, Conseco is issuing .9165 shares for every GNT share. But the "option to buy" 26.7 million shares of GNT for 52.xx confused me. Does someone have the straight story? Can someone call investor relations at GNT or CNC to find out and post it?

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