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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Tony Pache who wrote (447)3/17/1999 10:02:00 AM
From: Larry S.  Read Replies (2) of 15615
 
It is common for a stock deal to open at 10-15% discount to takeover price. 15% discount to 62 is 52.7. Since the currency is GBLX's stock, which is a: relatively new, b: has has a huge move recently and 3: the deal is subject to collars, this opening on FRO is an indicative of some displeasure with the value of the acquiring stock. that MHO. larry
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