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Strategies & Market Trends : The picks
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To: Patrick Slevin who wrote (3289)1/29/1997 10:17:00 AM
From: Andrew Vance   of 6124
 
*AV* PRGS

I do not want to challenge anyone on this thread but a piece of inforamtion shared here has me perturbed. If MSFT and PRGS are fighting over the purchase price, $26 vs $30 and it is believed a middle road of $ 28 will be reached, why is PRGS down as low as it is unless there is a greater probability that the deal is not going through at all. If it is down to haggling and agreeing on price, PRGS should be at least $24 per share. Where is the flaw in my logic?
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