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Technology Stocks : Winstar Comm. (WCII)
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To: Jason Cogan who wrote (5536)4/28/1998 10:01:00 AM
From: Steven Bowen  Read Replies (2) of 12468
 
Jason, you sound like you're not new to this game. Would you give me your take on WinStar taking a 14.9% position in a competitor.

As I understand, anyone taking a 15% position would need shareholder approval. So do you buy the 14.9% to force a vote for total takeover? Do you buy as large as you can as a platform for a hostile tender? Do you buy as large as you can to head off another anticipated offer? You've seen the game played, what do you think is next?

Thanks,
Steve
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