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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (167)	1/20/1999 11:22:00 PM
From: Tom	Read Replies (1) \| Respond to of 331

Hola, Senor Arango! Yo note, no Z. <G> I read Repsol paid $38 per share for the 15%. They funded the purchase with debt. That no one else bid does surprise me. I had been thinking about this deal, especially since Perez Companc might be involved. But I decided early this week Perez wouldn't make an effort. The Perez Companc family has just made an acquisition, and I didn't suppose the company's balance sheet would support it very well. Anyway,...I've always liked Repsol. I'm glad they made the buy. ----- How about this? Argentine opposition leaders this morning proposed merging YPF with Petroleo Brasileiro once the privatization of Petrobas is complete. lanacion.com After reading a little more, I have to guess that some Argentines are afraid of losing control of YPF to Repsol. The deal today includes language to change the company by-laws and permit Repsol, in due time, to make a take-over bid.