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Technology Stocks : Icon CMT Corp. (ICMT)
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To: Toby Zidle who wrote (117)9/17/1998 9:09:00 AM
From: cyberman  Read Replies (1) of 128
 
Here are the main points

Wilmington Delaware - Shareholder Aaron Parnes is saying that investors will be shortchanged by the Qwest deal. The suit seeks to block the acquisition. The suit says that the price does not account for the potential growth of the combined businesses. He said that ICMT officials should have shopped around for thebest offer.
Parnes is asking a Delaware judge to block the sale until an independent assessment of ICMT's value is done through a BIDDING
process.

Opinion - I think that if this is GREAT for longs because lets say this does happen, so we go to a bidding process and then who knows?
The KEY - The STREET loved the deal - look at what QWEST has done since the announcement...Other competitors, analysts are sure
to take notice...Maybe today ICMT will go down, but either the deal goes through at $12 and it goe sback up or it goes to bidding and then who knows - we already have $12 on the table...

Any thoughts...
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