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Non-Tech : NovaCare Employee Services (NASDAQ:NCES)
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To: Todd D. Wiener who wrote (316)4/1/1999 5:00:00 PM
From: Apakhabar  Read Replies (1) of 376
 
Todd,

Are there any restrictions on NOV ability to sell their shares of NCES?

Let's imagine a worst-case scenerio for Novacare: they can't solve their debt problem and they need to raise cash to stay out of bankruptcy. So they sell their stake in NCES.

That would certainly create an unholy selling pressure on NCES shareholders.

I'm not saying this is likely, but is it not possible? And if possible, isn't this a risk that NCES shareholders should be aware of?

Long-term, I think it would be good for NCES not to have 70% (is this still the number?) of their shares owned by NOV. Your view?
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