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Non-Tech : GT Bicycles (GTBX) -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey Green who wrote (96)6/25/1998 9:13:00 AM
From: Hal  Respond to of 99
 
Schwinn will pay you $8 cash, subject to the terms of the offer and shareholder approval. As Schwinn is a private company, this is a cash offer. The terms should be released soon.
BuyLowSailHi



To: Jeffrey Green who wrote (96)7/16/1998 6:39:00 PM
From: Steven Hsu  Read Replies (1) | Respond to of 99
 
The current 7-1/4 price reflects the fact that the deal could for some reason not go through. Occassionally, a takeover stock will be priced at above the deal price if there is strong expectation that other bidders for the company will come along, but the GTBX situation is more typical. As far as whether you should wait for 8 or go for 7-1/4, it depends whether the risk that the deal may fall through is too much for the 3/4 extra.