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Non-Tech : BCOM, Great earnings, and a 2 for 1 split . -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (57)2/10/1998 12:05:00 PM
From: John Peterson  Read Replies (1) | Respond to of 182
 
Seems like a pretty lousy deal. 2 shares of BCOM to be exchanged for each share of RVSA. RVSA is valued at 17+ and BCOM is at 14+. That means for $28+ worth of BCOM you are getting $17 worth of RVSA. Am I wrong in what I am thinking?

John.



To: Kip518 who wrote (57)2/10/1998 12:56:00 PM
From: Tulvio Durand  Read Replies (2) | Respond to of 182
 
BCOM is really purchasing Rancho Vista Nat'l Bank. The 2.6 million BCOM shares used to purchase RBVNB amounts to about $35 million and represents 20% of BCOM's outstanding shares. RBVNB's assets are about 20% of BCOM's, so the purchase price is about right. BCOM has gotten 20% bigger, but it still remains a prime takeover candidate. Sure wish somebody would step in and buy us out. Yes, I'll take $35/sh. <GGG> Tulvio


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