SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: Doug Chin who wrote (1260)3/20/1998 11:56:00 AM
From: Tony van Werkhooven  Respond to of 22640
 
Let me try to throw another wrinkle in the analysis. If iI understand correctly, the gov. is not selling shares of TBR, but shares in the subs.
If so, how does this take place mechanically? A distribution of shares in subs to TBR shareholders, of which the Brazilian gov sells in its privatization auction? Does this eliminate the distinction between common and pref. shares?

Just questions, no answers.

Tony