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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (50103)4/4/2001 5:01:07 PM
From: Starlight  Read Replies (1) | Respond to of 57584
 
Maverick - The bad part about LU spin-offs is that they've had to come at a time when the market won't support high prices for a new offering. I understand that initially they thought they'd get $12.50/share for Agere, and that would pay off most of the Morgan Stanley debt. However, when the market tanked, they had to reduce their offering price, so they didn't get as much to pay off MS.

Betty


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