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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (35645)	1/22/1999 1:45:00 PM
From: Denice	Read Replies (1) \| Respond to of 95453

Big DOG! Welcome back. Did you see any pretty hula girls? Since you were gone, we went ahead and held the stocks prices down until your return. Now that you are back....... to the moon! Am looking forward to your interview. Denice

To: Big Dog who wrote (35645)	1/22/1999 2:02:00 PM
From: S. maltophilia	Respond to of 95453

There was an article in Barron's (Jan 11 Trading Points) that described below-market tender offers being made for various securities. Legal, perhaps, but just barely.

To: Big Dog who wrote (35645)	1/22/1999 2:51:00 PM
From: Nello Filippone	Read Replies (1) \| Respond to of 95453

>>Who is offering the $689 per bond buyout of DO's converts???<< I think it is Loews ... Nello

To: Big Dog who wrote (35645)	1/22/1999 10:32:00 PM
From: dealmakr	Respond to of 95453

Big Dog, Buying convertable stock or bond issues is a great way to accumulate a position without interest showing up in regular trading. A good scoop. Do you happen to know the conversion terms and the size of the issue? Good Trading Dave

To: Big Dog who wrote (35645)	1/24/1999 7:34:00 AM
From: Teddy	Read Replies (2) \| Respond to of 95453

I have the CORRECT answer to who is offering to buy the DO convertible bonds. It is someone named S&A Partnership. Why do you think this is important? Diamond Offshore Drilling Inc. said it is discouraging holders of its 3.75% convertible subordinated notes due 2007 from selling their securities to S&A Partnership. In an offer made last month that was set to expire yesterday, S&A said it would pay $689.15 per $1,000 face value. Diamond Offshore, a drilling concern, said the offer doesn't represent fair market value. There are about $400 million of the notes outstanding. S&A Partnership said in a statement that it is buying the bonds for "speculative investment purposes" and that it doesn't intend to try to acquire or influence control of Diamond Offshore. S&A couldn't be reached for elaboration.