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Technology Stocks : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?


To: SirAlexx who wrote (54)12/8/1997 12:42:00 PM
From: Rob L.  Read Replies (1) | Respond to of 700
 
and that has what to do with the stock falling. usually when takeover news comes out the acquiring company falls and the acquiree rises. In this case they are both dropping indicating it is a bad deal for both. Certainly ACTC doesn't have the money and it doesn't appear they need further dilution. I smell a rat here. Companies usually respond within 1 to 2 days of a takeover. It's been about 5 days so far including the weekend. There is no reason to keep shareholders in the dark/