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Technology Stocks : United Parcel Service Inc-(UPS) -- Ignore unavailable to you. Want to Upgrade?

To: cgraham who wrote (324)2/23/2000 10:04:00 AM
From: Srexley  Read Replies (1) | Respond to of 368
 
I think a fair amount of people will take advantage of the offer. Keep in mind that they can sell 27% of their class A shares (shareholders have 1/3 of shares as class A, 1/3 as class B and 1/3 as class c), which is about 9% of their total.



To: cgraham who wrote (324)2/23/2000 8:38:00 PM
From: JIM W  Read Replies (1) | Respond to of 368
 
CGraham

I know of some management personnel who are taking advantage of the tender offer. Their reasoning is they are going to sell the shares which they have a cost basis higher than $60 tender offer to create of tax loss. I understand that this tender offer is being done to create enough shares for some UPS acquisitions to be made by June of this year. Lots of rumors.

Good Luck
Jim


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