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Technology Stocks : CheckFree (CKFR)
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To: TLindt who wrote (4646)5/28/1998 4:06:00 PM
From: g_m10  Read Replies (2) of 8545
 
I guess so, but someone just bought a block of 46,100 shares...

It's not unusual. We've seen much larger blocks crossing the tape.
I believe, many companies have "poisonos pills" that doesn't allow a potential buyer to scoop up shares on the open market to gain the majority of shares. Also, by SEC rules ownership of more than %5 of outstanding shares must be reported to SEC. After the very first report, everybody will know who is doing what, price will skyrocket making 'creeping' takeover prohibitively expensive.
Just MHO.
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