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To: Braddock Bull who wrote (31582)11/8/1998 12:17:00 AM
From: Roger Nelson  Respond to of 95453
 
Brad, At this point FLC is cheaper than CDG, since CDG made a run at the close on Friday and passed FLC offer price for the first time.

1.7*15 7/16 = $26.24/share CDG is at $26 3/8

You could short/put CDG and BUY/call FLC and make a low risk move if the difference increases, but I think the deal will go through and the profit potential would be small for the investment.

Roger