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Gold/Mining/Energy : MOB - Mobil Oil -- Ignore unavailable to you. Want to Upgrade?

To: Terror who wrote (7)	11/27/1998 10:20:00 AM
From: Jordan Electron	Respond to of 45

The last time Exxon took over a big oil firm, the red ink flowed for two years: Exxon's Canadian division, Imperial Oil (IMO), bought out Texaco Canada. Imperial could not run the Texaco Canada dealer network economically.

To: Terror who wrote (7)	11/28/1998 2:18:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 45

Marcie, No, I have been over in the telcomm and ECM stocks for the last seven weeks cavorting! But here's a quick valuation: $67billion market cap, divided by a 780mm share float, nets an $86/share value. Now tack on a a standard 20% takeover premium on that $86/share value, which is about $16/share. So a fair guess would be the parties would look at a negotiated price of around $102/share for Mobil stock give or take 5% either way.... Just IMHO... Sincerely, DVF