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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: IndioBlues who wrote (45806)6/2/1999 5:32:00 PM
From: upanddown  Read Replies (1) of 95453
 
Indio

You may be right but you can read that story two ways.

1. The deal gives HLX a fixed value of $7.55 in FGI stock

OR

2. The writer used the FGI price on June 1 to place a CURRENT value on the deal.

If the deal was fixed at $7.55, then the only arbitrage would be on the deal falling apart. Seems like the spread would be narrower since it is friendly.

Anyone know for sure ?

John
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