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Non-Tech : Craig (CRG) - Vulture Pick

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To: Paul Senior who wrote (12)4/23/1998 7:23:00 PM
From: Andrew   of 27
 
Craig Corp (CRG) buys another 7% of Citadel (A-CDL)!

Craig Corp (N-CRG) bought around 7% more Citadel from 3 sellers raising its effective stake in CDL to just less than 40%. This is the cheapest way to play RDGE and the people at CRG know it. Wouldn't be surprised if CRG acquired more CDL and moved CDL into CRG down the road. What I would like to know is who were the "rocket scientists" who were foolish enough to sell CDL for cash at this price. If they had to sell now, CRG stock would have been a better deal. For details on the filing point your browser to freeedgar.com
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