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To: BWAC who wrote (48407)6/3/2003 3:52:55 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
Gambling and Investing - Bill Miller's commentary: leggmason.com



To: BWAC who wrote (48407)6/3/2003 7:22:33 AM
From: Beachside Bill  Read Replies (1) | Respond to of 53068
 
Newmont is Telling J.P. Morgan to "Take a Hike!" The following was reported from GATA Thursday: "The big gold news of the day concerns gold derivatives.

kitco.com

Newmont Announces Acceptances of 48% of Gold Hedge Offer

biz.yahoo.com



To: BWAC who wrote (48407)6/3/2003 9:06:57 AM
From: Nemer  Read Replies (2) | Respond to of 53068
 
AMEX ..

NEW YORK (CBS.MW) --

The National Association of Securities Dealers has agreed to sell the American Stock Exchange to private equity firm GTCR Golder Raunder for $110 million, the Wall Street Journal reported on Monday.












Although GTCR will pay $110 million to buy the exchange, the NASD will reinvest all of that money in the Amex due to pre-existing obligations, the newspaper reported.

GTCR will likely keep the Amex's current management and trading model in place but won't rule out the possibility of adding more in the way of electronic trading in the future, the report said.

The American Stock Exchange was merged into the NASD, operator of the Nasdaq market, in 1998.