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Technology Stocks : Carnegie Group CGIX (READY FOR A MOVE?) -- Ignore unavailable to you. Want to Upgrade?

To: TheRainmaker who wrote (101)	10/2/1998 3:51:00 AM
From: Thomas	Read Replies (2) \| Respond to of 110

Tim, not really by much. The tender starts in about a week and the deal should close within a month or two. The $4.5 price reflects a modest discount based on the outside risk that for some reason the deal would not close. However, Logica has some $75mm in cash and this is a small bite for them, so there does not seem to be much closing risk. THe only chance for a move higher would be a higher bid, which is very unlikely in this industry where the employees are the key to value (i.e. it's nearly impossible to do a hostile takeover of a services company). So, hang on until the deal closes and you will likely get $5. Godd luck. Cheers, Thomas