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

To: John Carragher who wrote (712)	4/25/1998 9:15:00 AM
From: JM	Read Replies (1) \| Respond to of 4155

Looks as though the deal is going to go through. IMO it just does not look like a good deal for CNC because of the unusually high premium paid for GNT, a company that has had its recent problems. Thus far, no explanation has been given by Hilbert and Co. to adequately account for the high price. The latest GNT earnings, though improved, were not outstanding. Maybe going forward CNC mgmt. expects GNT earnings growth to accelerate. Looks like we will find out soon enough if this is a good deal or bad. Until then, I wouldn't expect the market to bid CNC out of its current trading range.