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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink! -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (324)	5/26/2004 8:17:33 PM
From: Wade	Respond to of 336

Thanks. Wow... The day is finally here. We only got $39.87 per share. Way too cheap. Reuters UPDATE - CUNO to buy WTC Industries for $110 mln Wednesday May 26, 4:31 pm ET NEW YORK, May 26 (Reuters) - CUNO Inc. (NasdaqNM:CUNO - News) agreed to buy WTC Industries Inc. (OTC BB:WTCO.OB - News) for about $110 million in cash and assumed debt to expand its water filtration business, the companies said on Wednesday. ADVERTISEMENT WTC shareholders will receive $39.87 in cash for each of their shares, while WTC option and warrant holders will receive cash based on the difference between $39.87 per share and the exercise price of their options and warrants. The terms value WTC at a 27 percent premium over its shares' Tuesday closing price. The shares were not quoted on Wednesday.

To: Arthur Radley who wrote (324)	5/27/2004 10:28:28 PM
From: Wade	Read Replies (1) \| Respond to of 336

Dude, Have you you ever bought it? The buy-out price is at the low end price projection for this year. I expect WTCO to reach ~70 in 1-2 year and 100 in 2-3 years. Looks like I'll have to find another GS home run deal. <G> CUNO got a good deal by buying their major competitor at cheap price. However, I think this could be a smart move for WTC management. They must be really tired and need a break after the deal is concluded. The risk will be on the shoulders of CUNO in this dangerous stock market. Wade