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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Pink who wrote (15034)3/23/2001 12:04:46 PM
From: who cares?  Read Replies (1) | Respond to of 18998
 
This fellow certainly has a way with words
tenkwizard.com

Though in this case perhaps his co-conspirator has an even greater way
tenkwizard.com

Now if all the lemmings will get their fill and let this fall back a bit, perhaps it will be worthy of looking at.



To: Mr. Pink who wrote (15034)3/23/2001 2:39:08 PM
From: Mr_X  Read Replies (1) | Respond to of 18998
 
Who is Robert Chapman? Is he related to the guy who shot John Lennon? He seems a bit unstable, no? I read some of his prior 13-D's and press clippings. Why has Mr. P$nk joined forces with him?

Mr. X



To: Mr. Pink who wrote (15034)3/23/2001 9:36:42 PM
From: SiouxPal  Respond to of 18998
 
BindView Development Investors Purchase 6.9% Stake, Seek Merger


Washington, March 23 (Bloomberg) -- An investment group that includes an affiliate of Chapman Capital LLC acquired a 6.9 percent stake in BindView Development Corp. and is pushing the company to put itself up for sale, a regulatory filing said.

The investment group, which also includes Third Point Management Co. LLC, spent a total of $10.99 million to purchase 3.57 million common shares as an investment, according to a Schedule 13D filed with the Securities and Exchange Commission. That works out to an average price of $3.08 a share.

Robert Chapman, a principal at Chapman Capital, initiated discussions with BindView Chairman Eric Pulaski on March 8, the SEC filing said.

Chapman told Pulaski that BindView's ``shareholders would be better served'' if BindView ``merged into another company through a premium change-of-control transaction,'' according to the filing.

BindView, based in Houston, provides software solutions that enhance business performance by helping to ensure the integrity of a company's information technology infrastructure. Company shares have lost more than 91 percent of their value during the past 52 weeks.

BindView shares rose 47 cents to $3.34 in early trading.

Mar/23/2001 10:12 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2001 Bloomberg L.P.