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Technology Stocks : Tseng Lab on the move?
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To: Longball who wrote (185)8/17/1998 6:35:00 PM
From: KFBLY  Read Replies (1) of 251
 
CPI also has to approve the merger. As long as TSNG's price hangs in there, it works out. If we end up in a waterfall market (Dow at 7000), TSNG could fall below 2. TSNG is public and subject to market whim while CPI is private and has a fixed, underwriter-set valuation. The exchange ratio of the stock could be changed if the relative valuations get out of whack. It's a possibility, not a certainty. Just be aware that no deal is done until the vote is counted, the papers are signed and the money changes hands.
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