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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?

To: DRL who wrote (42)	10/30/1997 11:07:00 AM
From: Ken W	Read Replies (2) \| Respond to of 1923

DRL and all, We've waited this long for the big event, Why would anyone sell out now? Well okay, if you got in at 1 7/16 and we hit 3.00 tomorrow...duh....I don't see that happening. You could trade it today and perhaps tomorrow, but hold your core shares for the merger. Here is the deal on the merger...short version. TPG and LUNN merge, (done deal) Lunn share holders get 1 share of ATPX for every 10 shares of Lunn that they hold. This could be adjusted up based on the performance of TPG on their last Q. TPG holders get 8.3 shares of ATPX. The market will determine the value of ATPX on open, based on earnings of the two companies combined and reported as of their last Q's. The combined earnings of ATPX are expected to be in the area of 1.00. Industry trades in the 19 to 20x EPS. Got a calculator? If you buy lunn now at 1.50x1000=1500.00 merged 100 shares now at 19 to 22 dollars 100x19=1900=+400, 400divided by 1900=21%gain....hello. JMO of course. Ken W