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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ACAN who wrote (3661)	12/7/2007 11:34:29 AM
From: Ron	Read Replies (1) \| Respond to of 7944

I don't get the GMST sell off. Macrovision shareholders will own about 53 percent of the combined company. Former Gemstar stockholders will own about 47 percent of the new entity, which will seek continued listing on the Nasdaq stock exchange. The takeover price represents a 6 percent premium over Gemstar's closing stock price of $5.98 on Thursday and a 24.5 percent premium over the price of Gemstar's stock when it put itself up for sale in July. Not holding any GMST but if I were this would be puzzling...