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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Michael Anthony who wrote (20881)4/6/1999 11:43:00 PM
From: Rick_Barry  Read Replies (1) of 27307
 
It's a stock swap at an exchange ratio of .77. If yhoo trades < 200,
bcst also trades less than current price. Empirical studies show target firm has a higher abnormal return than acquiring firm during the merger announcement. W/o the news of merger, Yhoo inclination to rise before earnings is very typical. Of course, it's a good strategic decision to do several acquisitions. Why did they do it right before earnings, this is a very good question.

My theory is earnings might not beat expectation. Sometimes the street's expectation is so high. In this case, 8 cents is not a high expectation (although it's higher than 2 cents).
My opinion from mademoiselle point of view which must be different than sir.
A note from my former professor: 60 to 80% of the M&A failed to meet expectation. Men ego is higher than women in business. (btw, there are only few female CEOs)
Kacey,
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