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Gold/Mining/Energy : PATHEON INC. (PTI - TORONTO) -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (123)	2/10/1999 6:01:00 PM
From: Nykol	Read Replies (1) \| Respond to of 147

My understanding was that they initially obtained bank financing for the plant in Italy, and almost immediately after acquisition, issued the additional shares. I assume that the funds from the share issue would be used to pay down the debt incurred in the acquisition. I also noticed that analysts (there are apparently two that follow the co. but I don't know what firms they are from) have increased their EPS estimate for the current fiscal year, but only by 2 cents, to .21. I can't imagine this would cause the price to run up from 3 to 6 in a couple of months. You may well be right - it wouldn't be at all unusual to see the price back off a fair bit now - unless of course there is somebody buying up all the shares that come up for sale. I guess only time will tell.