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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (20239)	3/26/1999 2:58:00 PM
From: kathyh	Respond to of 90042

OK, Tim this is probably true if it is a cash deal like XYLN, but what if it is a stock deal, like GBLX/FRO deal... it was 1.2 billion buyout in stock... marketwatch.newsalert.com. It worked out to $62/ share on the day it happened (3/17/99), according to the article, but FRO is at $51/share today, highest it has been since the announcement was $55. GBLX was @ 52 close 3/16/99... it is now @ 46 11/16... GBLX is down about 13%... FRO is down about 7%, never got anywhere near $62... I guess I am wondering if it is a stock deal, what are the chances of getting the full value at the time the deal is made?? maybe this isn't a good example, but only one I know of <ggg>. Kathy