Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.501

-3.2%

9:35 AM EST

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To: wl9839 who wrote (15342)	5/17/1999 9:56:00 PM
From: wl9839	Read Replies (1) of 22640

Re: Baby Bras Takeover News Please read all of the three previous posts to get an idea of what is going on. As usual, the use of the name of the subject companies is confusing. It appears that two of the companies whose names are similar to cellulars which trade as adrs are really subs of those two adr companies. The news stories are also unclear as to whether an adr holder will benefit in any way from these tender offers other than the rise in underlying subsidiary share price. WJ

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