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Non-Tech : British Pete / Amoco Merger

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To: pae who wrote (24)9/14/1998 1:19:00 PM
From: pae   of 29
 
Mystery spread update ...

From 9/14/98 13:10
AN=51.9375 Amoco last trade via BMI
BP=82.375 BP ADR last trade via BMI
3.97/6*82.375=54.50779 Computed AN theoretical
conversion value
54.50779-51.9375=2.5672 Mystery spread narrows from 2.9???
Due to arbitragers back from beach?
2.5672/82.375*100=3.11 Spread as % of BP ADR
shrinking window to conversion &
cost of arb capital?
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