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Technology Stocks : ALU - Allou Health & Beauty: Another Web Play
ALU 3.4600.0%Mar 3 4:00 PM EST

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To: Stuart T who wrote (306)4/23/1999 11:22:00 AM
From: Timoteo  Read Replies (2) of 418
 
Placement is done! This is a good deal. $4 cash per existing share and Allou has a 30% to 40% stake in the new company. This is the best of both worlds. When the new company does an IPO, ALU could keep or spin-off (more likely) its share to us. I bought more @ 11 1/2 and expect a bounce once people realize what the deal really means for ALU.

Best,

timoteo
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