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To: Ron McKinnon who wrote (16606)10/5/1998 7:01:00 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
Chat AMP: ALD (Allied Signal) made offer for AMP at 44 when AMP was about 30. Stock rose. AMP is trying to hide behind Pennsylvania's support against hostile takeovers of PA companies. AMP reduced poison pill initiation to 10% and asked PA legislature to pass laws protecting them. Also announced major stock buy back to boot "shareholder value" (no comment). Today's WSJ announces that part of founding family, with 4% of shares, chastises BOD for its actions. AMP rose about 2 on Friday to 36 7/16, should be interesting to watch today. good fishing. larry