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Non-Tech : Green Tree Financial (GNT)
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To: Dennis Dengler who wrote (152)4/10/1998 5:14:00 PM
From: otter  Read Replies (1) of 169
 
The announcement of the acquisition was after the close of the stock mkt on 4/6. Anticipated closing is in the fall, according to a WSJ on 4/7, I believe. Because the acquisition will be in the form of a stock swap, the VALUE of the acquisition to you will be at .9165 of whatever the price of Conseco is at the time of the swap - which you don't realize, of course, until you sell (GNT if before the acquisition, or Conseco if after the acquisition).

Without any other data, I'm forced to think that GNT share price being currently less than .91 of Conseco is due only to the time factor between announcement and consummation of the deal & the risk of it not occurring...
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