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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: M0NEYMADE who wrote (141834)2/3/2005 8:50:44 PM
From: Jim Bishop  Read Replies (3) | Respond to of 150070
 
"PS: Residents of the United States are prohibited from viewing this material.

"So, if you are a US resident please don't read the extremely interesting and informative information below. Further please don't copy this material and paste it on message boards everywhere, especially those financial message boards like raging bull, silicon investor and iHub etc for the various companies (even though it would not be a copyright infringement if you did) and lastly, please, please don't make sure everyone knows about this web page by sending them the link to this page and encouraging them to visit it too. Thank you for your cooperation in this matter."

Now don't peek you guys down south.

our-street.com



To: M0NEYMADE who wrote (141834)2/4/2005 10:39:15 AM
From: tlhutch  Respond to of 150070
 
Just one ? how is CEO going to buy 500mil on open market. Last on pinksheets reported float was 1,307,271,660 as of 2005-01-26 Thats 40% of float! Hmmmmmm



To: M0NEYMADE who wrote (141834)2/4/2005 10:48:19 AM
From: StocksDATsoar  Respond to of 150070
 
WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT one-day gain of $776 million.
WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT

'It's a dream deal'Billionaire investor sees longstanding bet on Gillette pay off with one-day gain of $776 million.
January 28, 2005: 11:08 AM EST

NEW YORK (CNN/Money) - Legendary investor Warren Buffett had nothing but praise Friday for Proctor & Gamble Co.'s $57 billion deal for Gillette, which helped him make $776 million -- in one day.

"This merger is going to create the greatest consumer products company in the world," said Buffett, whose Berkshire Hathaway holding company is Gillette's largest shareholder with 96 million shares, or about 9 percent of the company.

"It's a dream deal," he said, adding that he would increase his holdings so that he would end up with 100 million shares of P&G by the time the deal closes. Under the offer from P&G, Buffett's Gillette stock would translate to about 93.6 million shares of P&G.

Even for a billionaire like Buffett, who is one of the country's wealthiest men and one of the world's most widely following investors, $776 million is not bad for a day's work.

That's the apparent one-day paper profit Berkshire Hathaway would realize from Procter & Gamble's purchase of Gillette -- based on the deal's premium of about $8.09 a share on each of the 96 million Gillette shares.

Buffett is poised to become P&G's biggest shareholder after the deal. Barclays Global Investors is now the largest shareholder with about a 3.6 percent stake, according to Factset Research. But dilution from the deal would lower its stake, and its roughly 92 million shares would be less than what Buffett will end up with.

Buffett has been Gillette's largest single stockholder since 1989, when his firm bought $600 million in preferred stock, establishing an 11 percent stake in the maker of razors and other men's products, according to news reports. At the time, Gillette had recently fought off two hostile takeovers.

"Over that time we've been happy with that investment but I've got to tell you I'm happier today," Buffett said in a statement played Friday during a conference call to discuss the deal.