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Non-Tech : NORWEST Banks.....
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To: David C. Burns who wrote (8)6/8/1998 6:19:00 PM
From: John Lee  Read Replies (3) of 33
 
David,
Down a disappointing 2-7/8 today on news of the merger of "equals". Having held NOB for 9 years I was hoping to capture a premium on being acquired by a larger bank. Didn't happen. The street apparently sees this as the fast growing NOB acquiring and eventually managing the slower growing WFC. Could be a good deal long term as NOB sells more of its products to its newly doubled customer base. Still, for those of us wishing for a quick pop, today's price action was disappointing. Would like to hear other's views on near and long term outlooks. J.L.
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