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To: Jinfu Chen who wrote (59588)1/27/1999 8:24:00 PM
From: Jan Crawley  Respond to of 61433
 
The arb. spread has been around $5/$6 in the past week or so. During the day while volatility persists, the spread is $6. It narrows to $5 towards closing.

I think that we will see the spread to be within $4 range next month, and $3 in March....so on. IMO, this is not un-usual.



To: Jinfu Chen who wrote (59588)1/27/1999 10:10:00 PM
From: George Coyne  Read Replies (1) | Respond to of 61433
 
It is a reflection of the uncertainty that the deal will actually take place.

G. W.

P. S. Free money, in my opinion.


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