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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (54106)3/31/1999 10:54:00 PM
From: tom rusnak  Read Replies (1) | Respond to of 132070
 
G'day Michael,

This is probably a basic Stock trading 101 question, but I certainly don't understand. Regarding the CA offer to purchase PLAT.
CA is offering $29.25 per share yet PLAT only increased to around $25 per share. I would have expected it to be up there nudging $29.
Is that $4 difference accounted for by the doubts that the deal will really happen? If both CA and PLAT boards have already agreed to the deal doesnt that look like an easy $4/share in the making?

thanks for your time,

tom