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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (21042)6/16/2000 11:38:00 AM
From: md1derful  Respond to of 22640
 
sf: You mean there are some people who don't want to tender their shares?? What good would that do, with lossof liquidity??? Just wondering...interesting you should wait till last possible moment, why??
doc



To: Steve Fancy who wrote (21042)6/16/2000 2:33:00 PM
From: wl9839  Read Replies (4) | Respond to of 22640
 
Steve,

I have made the switch to TEF. I think that it is playing with fire to not tender as there will not be a liquid market after the end of the tender period. My guess is that the share price is so closely tied to TEF now that there is going to be little arbitrage opportunity in the short run.

WJ


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