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Gold/Mining/Energy : CLIFFS DRILLING (CDG) -- Ignore unavailable to you. Want to Upgrade?

To: VLAD who wrote (465)8/11/1998 9:06:00 AM
From: Platter  Read Replies (1) | Respond to of 474
 
R&B Falcon Corp. (FLC) 15 5/16: oil and gas drilling concern signs letter of intent to merge with Cliffs Drilling Co. (CDG 19 3/8) in a deal valued at $416.5 mln in stock or $26.043 a share; each Cliffs share will be exchanged for 1.7 FLC share; taken from briefing.com



To: VLAD who wrote (465)8/21/1998 5:27:00 PM
From: NCKEV  Read Replies (1) | Respond to of 474
 
when does this merger take place?? For us CDG means nothing now, Right? its the price of FLC that affects us now. CDG could go to 3 bucks and we would still get 1.7 of FLC . and or it could go to 40 and we would still get 1.7 of FLC.


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