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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Q. who wrote (335)2/8/2000 2:43:00 PM
From: Daniel Chisholm  Read Replies (3) | Respond to of 1931
 
Re: TSFT tender offer: Why such a huge spread? I haven't yet pulled up the tender offer, but what you've provided makes it look suspiciously too easy - a minimum of 12.5% return in one month (buy at 6.125, sell at a minimum of $7).

Any idea? Is the over-subscription possibility responsible for most of this discount?

- Daniel