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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Molinary who wrote (16979)	2/14/1998 9:33:00 PM
From: PitBull	Read Replies (1) \| Respond to of 50167

A win/win situation? Friday February 13, 8:12 pm Eastern Time Bertuccis says to bought by executives WAKEFIELD, Mass., Feb 13 (Reuters) - Bertuccis Inc, a chain of Italian restaurants, said late on Friday that it has agreed to be bought by a group of investors led by the company's founder, president, and chief executive officer Joseph Crugnale. Under the terms of the deal, the investor group will pay stockholders $8 for each of their shares. At the end of the company's fourth quarter on December 27, 1997, it had 8,963,715 shares outstanding, putting the value of the deal at $71.7 million. Bertuccis stock closed at $6 a share on the Nasdaq on February 12. The company said in a statement that the investors had secured financing for the deal from BancBoston Securities Inc , BankBoston N.A.(BKB - news), and Fleet National Bank. Bertuccis said the deal is still subject to shareholder and regulatory approval. ************ Does this mean that if you buy now, that a shareholder is guaranteed at least $8 per share? Also, does a person have to be a stockholder of record by a certain date? What is the usual time frame if the sale goes through? What are the chances that shareholders who have already been holding this for a long time waiting for growth, can STOP this deal from going through? And if so, how would that affect the current price of $6?

To: Chuck Molinary who wrote (16979)	2/15/1998 4:05:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

From Samira: Since you guys make such a great effort to keep this thread alive and full of knowledge, I wanted to be in a small way an active part of it so I decided that I will post from Kuwait a wide variety of intelligence economic reports based on which our company charts its future course. So Ike has agreed and entrusted me the responsibility of posting on this thread the highlights of the Asian and global financial news, especially oil, commodities and any news which has some impact on the equity and financial markets. These posts will be a daily feature, like Brian Fukuba's briefing on COM reports and Chuck's "Idea of the Day" home thread, with the exception of Friday, the day I'm off. I have a small request of Chuck if he could post some of these strategic posts with long term repercussions on the home page so that we may have a real, as Ike puts it, value-added thread going up here.