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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: RobertSheldon who wrote (6528)6/16/2000 7:09:00 AM
From: Wyätt Gwyön  Respond to of 15615
 
If this deal does fire off at the $10B it means that ENT WANTED to be acquired by GBLX.

I agree, 'tho it's interesting that ENT is backtracking while GBLX has been gaining in share price--I would think an acquisition would include at least some upside to ENT's market price, regardless of what GBLX mgmt said to some reporter. Usually merger "synergies" don't live up to the hype, but perhaps in this case the market believes otherwise.