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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (9463)	7/12/2000 11:59:21 PM
From: aldrums	Read Replies (1) \| Respond to of 18137

I just read that Paine Webber shareholders will get $73.50 for each share (in cash or UBS stock) because of the UBS deal.(UBS buys Paine Webber). Paine Webber shares closed at 66 7/8 today. Of course that must mean that the NYSE specialist will open the stock at at least $73.50 tomorrow. I still don't quite understand the relationship between the NYSE, regional exchanges, and now ECN's that are trading listed stocks. I hope this question isn't too broad, but I was wondering if you had any insights and how these different exchanges will react in light of this deal. Thanks, Alex