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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (29750)	1/25/2000 6:32:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Wel, lookslike Tobaccoman made a killing on CPU DALLAS (AP) - Shares of CompUSA, the troubled computer retailer, soared 40% Monday after the company announced it is being purchased by Grupo Sanborns, a Mexican retail group that already owns nearly 15%. A spokeswoman for Dallas-based CompUSA said the deal was valued at about $1 billion in stock and debt. Sanborns will pay $10.10 in cash for each common share of CompUSA that it doesn't already own - a 50% premium over the chain's Friday closing price of $6.75. At 5 p.m. EST, shares of CompUSA stood at $9.50, up $2.75, on the New York Stock Exchange. Microsoft Corp., the regional U.S. telephone company SBC Communications, and the Mexican telephone company Telefonos de Mexico, or Telmex, will be minority investors, according to the deal unveiled Monday.