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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (3485)1/7/1999 4:53:00 PM
From: Trader J  Respond to of 56535
 
Canuck - Usually, company X will trade 1/2 below the take-out price. The shareholder vote usually does not affect the price action as long as there has been no releases stating that the company is urging share-holders to reject the offer.

You never know with takeouts as each one is a bit different, but in this case I would be happy with any price within $1 of the takeout if/when it happens.

TJ