The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Junkyardawg who wrote (32550)	4/27/1999 1:18:00 AM
From: who cares?	Read Replies (2) of 90042

Dawg, MM's suck but not this time. A takeover never ever ever ever ever ever ever sells for it's takeout price until the deal is completely wrapped up and signed. It's not MM's that do this, it's just the way it works. Who in the hell would be dumb enough to give $35 for FORE today, wait 6 weeks, and sell it for $35. GEC can't buy it, they're not allowed to. If you announce a buyout offer it has to be cleared by the stockholders as well as the SEC. Records from both companies have to be audited, it has to pass anti-trust regulations, sometimes shareholder class actions have to be resolved(NSCP and LCOS) etc.etc. Even if GEC was allowed to buy shares today why would they. They still have to wait and their money is tied up, money that they have to borrow from a bank and pay interest on. A lot of deals come apart during this time frame, especially if one of the companies is shady, or one companies stock takes a hit, in a stockswap. There's risk, thus the premium. For me it was better to get out, and start playing other things(COMS) if I can't make a $1.50 on $33.50 in a month, I shouldn't be trading. CMB

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