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 (165)	4/11/1998 5:37:00 PM
From: Shane M	Read Replies (1) of 169

Dennis, Congrats on the GNT deal. I'm a MON shareholder myself, and I was mystified at the size of the gap between MON and FTU. Given the very small risk of the failure of the merger, why such a large gap existed does not make logical sense. Why anyone would sell the MON shares at such an inflated discount to the merger value is beyond me. After the merger was announced MON shares could still be had for $31. Merger price was $34 with the merger only around 4 months away. Annualized excected appreciation was around 30%. This for a very small risk IMO. Maybe a fairly certain 9.5% appreciation in a stock over 4 months doesn't excite people much anymore in todays market? I take it that the uncertainty around the CNC deal seems a little higher than the MON deal, so perhaps a greater discount should exist, but still... Shane

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