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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Sawtooth who wrote (1057)	6/2/1999 4:00:00 PM
From: LJM	Respond to of 15615

When I called my broker to accept the tender offer, we talked about the premium over today's price. He was so amazed, he had to check with someone else.(not that he is a rocket scientist or anything) I really am wondering if this deal is really going to go through. Why is this stock trading down so much with this deal on the table? I really have got to think Wall Street hates it, but WHO is selling at these deflated prices with a tender offer on the table of 62.75. Are they crazy??? I have read the 50 pages again and I have to conclude people think the deal is going to wash out or that the stock is going to decline big before the deal. That would be the only rationale for selling at these levels. Furthermore, I feel certain the stock would spike up again if the deal did terminate. The question for the day>>>>Who is selling and why? Is someone on this thread a seller in today's market and could they explain to me why they would sell now when they could get at least 62.75 for a percentage of their shares in June. Am I missing something here?? LJM