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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (8193)3/29/2000 5:32:00 PM
From: LK2  Read Replies (1) | Respond to of 9256
 
VRTS buys its own stock back at a discounted price by buying SEG. It also gets the other SEG stockholdings for free.

Wouldn't the SEG shareholders be a heck of a lot better off if SEG just issued the shares directly to the stockholders? They would not only end up with more VRTS stock, but get--for free--the other stockholdings as well.

And what about the value of the drive business itself?

Regards,

Larry

PS--I sold my SEG shares in February (a big mistake, it turned out). But I don't see how current SEG shareholders will benefit from this buyout.

seagate.com



To: Gus who wrote (8193)3/30/2000 11:19:00 AM
From: seminole  Read Replies (1) | Respond to of 9256
 
Gus

I think the market is saying that this deal is not going to be done as presented. At least I hope not.


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