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To: SSP who wrote (50878)6/12/2000 11:23:00 AM
From: Jim Bishop  Respond to of 150070
 
LOL sure wish I'd noticed Anthony shorting MPPP before he headed for his "vacation"...I'm gone.



To: SSP who wrote (50878)6/12/2000 12:20:00 PM
From: bottomfish  Read Replies (1) | Respond to of 150070
 
Does CCAA qualify for your list? Especially considering the Costanzo deal. Or are you waiting for their news release. By then it may be too late for the bump.



To: SSP who wrote (50878)6/13/2000 6:57:00 PM
From: Witold  Read Replies (1) | Respond to of 150070
 
SSP, United Stationers offered $20 a share for DZTK (at 13 now) but DZTK says "no thank you". Well, looks good ! What is your opinion?

United seeks talks with Daisytek

By Matt Andrejczak, CBS Marketwatch.com
Last Update: 2:38 PM ET Jun 13, 2000 NewsWatch
Latest headlines

Tue Jun 13 PFSW
DZTK [external] SEC Filings: United Stationers seeks talks with Daisytek - at CBS MarketWatch
Tue Jun 13 PFSW
DZTK PFSweb to Fulfill adidas' European Web Site Orders - Business Wire
Tue Jun 13 PFSW
DZTK [external] United Stationers seeks to negotiate deal with Daisytek International - at CBS MarketWatch

WASHINGTON (CBS.MW)-The chairman and chief executive officer of United Stationers said his company is still interested in buying Daisytek International Corp., according to a regulatory filing released on Tuesday.

?United Stationers would be interested in entering discussions that could lead to a friendly negotiated acquisition of Daisytek, including its existing interest in PFSweb,? Randy Larrimore told one of Daisytek?s larger shareholders in a telephone conversation on Monday. ?We would welcome a call from Daisytek?s management.?

Mr. Larrimore?s comments were disclosed in a Securities and Exchange Commission filing by Elliott Associates L.P., a New York-based investment fund that is pressuring Daisytek to explore a sale and postpone its planned spin-off of its subsidiary PFSweb (PFSW: news, msgs). See SEC filing and See related story.



Plano, Tex.-based Daisytek (DZTK: news, msgs) rejected United Stationers (USTR: news, msgs), based in Des Plaines, Ill., proposed bid of $20 per share in cash last October. Both companies distribute computer and office supply products.

A spokesperson for United Stationers confirmed Mr. Larrimore?s comments made in the SEC filing while adding United Stationers wishes to acquire Daisytek because of the ?synergies? that exist between the two companies.



Ken Salmon, an analyst with Tucker Anthony Cleary Gull, who follows both companies, agreed. ?It makes sense for them to come together. Their customers are getting bigger and need a larger distributor.?

However, Daisytek chief financial officer Ralph Mitchell told CBSMarketwatch via e-mail that it plans to stay its present course.

?Given that there has been no offer made with regard to a potential acquisition, Daisytek has nothing to which to respond,? said Mitchell. ?We believe it is in the best interests of shareholders to proceed with our announced plans to spin-off PFSweb on schedule.?