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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Schmid who wrote (680)	4/7/1998 4:51:00 PM
From: Randy Schmid	Read Replies (1) \| Respond to of 4155

Here's a tidbit from the lunchtime news over at Motley Fool: "Health and life insurer Conseco Inc. (NYSE: CNC) dropped $8 1/4 to $49 1/2 this morning after agreeing to acquire sub-prime lender Green Tree Financial Corp. (NYSE: GNT) in a stock swap valued at $7.6 billion. Under the deal, each Green Tree share will be converted into 0.9165 of a share of Conseco stock. The purchase price values Green Tree at $52.93 per share, a staggering 83% premium to its closing price of $29 per share yesterday. Conseco expects the merger will be accretive to earnings "immediately" and will cement the company's "middle America" consumer franchise by opening up "new, higher-growth markets."" Any comments on Green Tree's Valuation in the acquisition? Regards, Randy