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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Haegin who wrote (1648)5/29/1998 9:05:00 AM
From: CPM  Read Replies (1) | Respond to of 2068
 
Firstly, Norman's buying of the shares was what he promised as his infusion of money after the financing deal was struck. IMO, he bought in at a great price, and in the next few years, yes the stock might be back up close to previous levels before it fell. But, I don't see it as a sign that this stock will jump. The only way this stock will jump is if some company such as United Health, or Aetna buys Oxford. Again, just my thoughts.

Have a great weekend,

CPM



To: Thomas Haegin who wrote (1648)6/10/1998 10:54:00 AM
From: Thomas Haegin  Read Replies (1) | Respond to of 2068
 
Insider tracking as per Yahoo!

A nifty new feature from Yahoo!

biz.yahoo.com

Notice the many option exercised also. They got a v.g. price, but some believing is still necessay, even at $4.

Also note that Payson bought for $20M. I thought he was supposed to buy only for $10M. Please correct me anyone. If not, that's another positive sign, I'd say.

regards,
Thomas



To: Thomas Haegin who wrote (1648)6/10/1998 11:02:00 AM
From: Thomas Haegin  Read Replies (1) | Respond to of 2068
 
Partial Repost: Oxford says completes expected $710 mill financing

Dug it up again from my HD-drive. Seems like Payson invested more than was expected....

Thomas

--------------

Reuters Story - May 13, 1998 16:44

ÿÿÿ NORWALK, Conn., May 13 (Reuters) - Oxford Health Plans Inc
said Wednesday it had successfully completed the $710
million equity and debt financing the company had proposed in
February, adding it had officially named Norman Payson as its
chief executive.
ÿÿÿ Payson was selected for the job in February in a major
shakeup of the health maintenance organization and had been
acting unofficially in that capacity since then.
ÿÿÿ The company said it had completed the sale of $350 million
in Oxford preferred shares and warrants to affiliates of
investment firm Texas Pacific Group and others.
ÿÿÿ In separate transactions, it said it had also completed
private placement of $200 million of seven-year unsecured
senior notes and had borrowed $150 million under a five-year
senior secured term loan.
ÿÿÿ In addition, the company said Payson -- former chief
executive of Healthsource Inc -- made a $10 million investment
in Oxford's common shares
, bringing the company's total new
capital to $710 million.
ÿÿÿ Oxford said Payson had also been elected to its board of
directors along with David Bonderman and James G. Coulter,
founding partners of Texas Pacific Group; and Jonathan Coslet,
a partner of Texas Pacific Group. A final nominee of Texas
Pacific Group will be named later, the company added....