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


To: Heretic who wrote (21080)6/28/2000 4:46:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 22640
 
Howdy Heretic,

He simply said it was too late as of this morning and I didn't question it as the price movement in TSP and TSD supported his statement. TSP and TSD closed just a tad under parity with TEF last night based on the swap ratio.

That said, the prospectus clearly states the offer does not expire till the 30th. I'll ask again tomorrow why this was not possible.

regards,

sf