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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (45786)6/2/1999 4:27:00 PM
From: upanddown  Read Replies (2) of 95453
 
Big

Any idea why HLX is trading at a big discount to its merger value? I would expect a little but at 6 15/16, it is about 11% below its current exchange value of 7.81 (FGI's close of 16 15/16 * .4614). With the honchos playing kissy-face and the top jobs doled out, it seems likely to go ahead barring anti-trust problems. HLX looked like the better play so I grabbed some at the close. BWDIK.

John
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