Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Pruguy who wrote (5585)	1/25/1999 8:47:00 PM
From: Michael Hart	Read Replies (1) \| Respond to of 8358

< why did you say they officially put themselves on the block > Not officially but here's the story I think was reffered to... January 06, 1999 09:55 Cabletron Systems Hires Merrill Lynch To Find Buyer (CS) - Report (NewsTraders.com)-- Cabletron Systems (CS) has hired Merrill Lynch (MER) to find a buyer for the No. 4 computer networking company, according to the New York Post. Highlights: - A source told the Post that the company is hoping to fetch $2.5 billion, or a 66% premium to its current market value. - Speculation that the company would make a move caught fire the past week after Tucker Anthony analyst William Becklean predicted Cabletron would be acquired within five years. Cableton's co-founder and CEO Craig Benson responded by telling the Boston Globe that the company wasn't for sale. - Officials at both companies declined to comment on any possible deal.