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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (2049)	3/16/1999 12:23:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 28311

gbh, PA doesn't have to buy any of those 3.6 million open market shares. But if he wants a full 54% stake in the company he'll have to pay the going price. That's why I stated that I believe it essentially places a floor of support under the stock. He got his shares at $65 or so from the preferred convertibles so he is sitting pretty. What better way to support your holdings than to "offer" to buy more than half the remaining float @ $90/share, without having any obligation to do so?? Regards, Ron