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Non-Tech : Gulfstream Aerospace GAC

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To: Stan Pruss who wrote (143)	4/21/1998 1:32:00 PM
From: Creighton C. Smith	Read Replies (1) of 197

Forstmann Little & Co. ownership will drop to 25.4% 'Bout the only real change as a result of the offering will be a decline in GAC ownership by Forstmann Little & Co. Prior to selling their shares, the holding company owns approximately 40% of the company's stock. After the sale, F/L's ownership will be about 25.4%. We may see a little selling on the news; but I don't think the move is at all surprising. Forstmann et al is mainly a leverage buyout group, so profit taking now that the company has completed its turnaround was to be expected. Regards, Creighton

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