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To: Elwood P. Dowd who wrote (95980)3/12/2002 1:45:31 PM
From: Reseller  Read Replies (1) | Respond to of 97611
 
"I'm not quite certain what your saying here but if I've got it right, then it should work conversely. That is WW's current strategy should be fiercely countered by the pro merger side? "

I believe that management and members of the BOD have stated that most of the top 20 shareholders support the merger...I guess one could call them liars...I tend to think that it's a fact...most of the top 20 are on board.

There also comes a point of no return or should I say it's too late. As noted in the zoo if the proxies are to be counted on the 19th, does that mean those arriving after the 19th are not counted and if that's the case it is quickly becoming too late to mail in time. I doubt very much that Carly would be relenting soooo it's either in the bag or it's a failed attempt. How's that for a definitive guess.



To: Elwood P. Dowd who wrote (95980)3/12/2002 1:51:42 PM
From: Piotr Koziol  Read Replies (1) | Respond to of 97611
 
El, NW, and the thread: interesting trades today:

HWP at 12:21:51 1,265,000 shares traded at 20.62 with bid/ask at 20.61 x 20.62 = so it was a buy ?

CPQ at 12:22:41 2,000,000 shares traded at 10.792 with bid/ask at 10.76 x 10.77 = clearly a BUY

Now here's my question. If the HWP trade were a SELL then we had an arbitrage pair of trades
VOTING FOR the merger.

Can anybody explain why the HPW trade looks more like a buy than a sell, and if that's the case,
WHY would anybody pair these two trades as TWO BUYS ???

By the way: 1,265,00 / 2,000,000 = 0.63, which is almost exactly the merger conversion ratio of 0.6325

Thanks for any light onto this transaction (the biggest of today ...)

Piotr