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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: Charliss who wrote (46224)	5/27/1999 10:44:00 AM
From: Tim Luke	Read Replies (5) \| Respond to of 90042

all i can do is shake my head here....i think you guys need to read up on market manipulation....

To: Charliss who wrote (46224)	5/27/1999 10:48:00 AM
From: MIKFREE	Respond to of 90042

LOL So how long before the shares are offered, and is it a good deal?

To: Charliss who wrote (46224)	5/27/1999 11:07:00 AM
From: cirrus	Respond to of 90042

OSI... to be expected given the small premium. The market will discount OSI relative to the final buyout price (in this case 1.25 shares INF) until the actual conversion date. Part of it is the interest factor, part of it is a "risk" discount on the possibility the deal might fall apart. Remember, announced deals can and often do fall apart. For example, look at PLAT. It was discounted $3 a share until the Feds gave formal approval to the CA buyout. even though the Fed approval was pretty much a formality and expected any day. The market just didn't feel comfortable until the Fed approved. That's not the issue here, but similar logic prevails. The market will discount OSI relative to INF until the conversion date. Regards: