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Technology Stocks : THQ,Inc. (THQI)
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To: Todd D. Wiener who wrote (7419)8/3/1998 4:55:00 PM
From: Sigmund  Read Replies (1) of 14266
 
<<<< Although companies typically don't announce the deal prior to completion, THQ acknowledges the stock's susceptibility to rumor. Therefore, in order to prevent any trading on non-public information, THQ decided to disclose it.<<<<

Just as there was more to the WCW story than initially disclosed (THQI never had a chance at getting it back) so I believe there is more to this ie. the premature disclosure. My guess is they wanted the wording about possible acquisition to cover them for not disclosing the MPRS very tentative negotiations.

This may not be the reason, but surely there was a reason to take an action which for sure was going to penalize the longs in the short run.
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