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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: RockyBalboa who wrote (25303)3/30/1999 12:57:00 PM
From: Don Westermeyer  Read Replies (1) of 122087
 
re: CTEN

I think the buyout is/was legit. Today's news is CTEN is having records looked at in a civil case involving possible improper billing.

Looks like the market has already decided the charges are true I guess. If true I suppose the deal may fall through now. If I was the acquiring company I'd definitely take a second look. Almost certainly this will cause at least a delay, short of some fancy footwork by CTEN management. OTOH it may turn out to be nothing and the stock will head back to near $16.
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