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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (8)6/3/1999 12:16:00 PM
From: Allen Furlan  Read Replies (1) of 376
 
Re ccmc. Havn't received investor package yet. However I called investor relations at BankTec BTC. Same takeover specialists have merger proposal on this company. In my conversation I mentioned that ccmc was also under due diligence. The BTC offer is for 97% of shares with remaining 3% to be taken at 18.5 if private investor can be found to buy these shares. Structure of deal is avoid creating additional goodwill on the surviving corporations books(based on excess of 18.5 to tangible assets). According to BTC investor relations ccmc had similar offer but private investor already found. In my opinion ccmc deal is more mature in its progress and less of risk than btc. My opinions only.
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