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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (599)	1/20/2005 11:08:08 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 7242

Obviously investors are betting that the company will be sold. The family controls 39.2% of the stock and an employee ESOP owns 18.7%. I used to own stock in an equipment leasing company named Trans Leasing International. They were local (Northbrook), small, conservatively managed, very profitable and growing. I knew a couple of people who worked at the company and accumulated a nice position at 2 1/2. On October 7, 1996 (a weekend day), the son of the CEO - Richard Grossman, who owned 47.7% of the company - stabbed his father to death. On Monday, the stock popped from 3 1/2 to 5. Robert's brother, Larry, took the reins and completed the sale of the company to GE Capital in January 1998 for $10.13 per share. A hell of a way to unlock value.