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Technology Stocks : Associated Group / Teligent

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To: zebraspot who wrote (63)6/2/1999 2:11:00 AM
From: biffpincus  Read Replies (2) of 76
 
<<I'm holding on to get at least $65 for it. These new arb situations usually swing up and down ~5% in the first week or so.
>>


It was kind of interesting how no one could figure out the price paid and the premium offered (which was next to nothing in the B's and nothing at all in the A's) ... just subtracting the market cap of Associated from the Liberty Media offer could (and did) make some easy money for the quick fingered investor in the early trading this morning ... was a crazy day to risk buying anything today though ... we just as easily could have ended 500 points down today based on news and technical fundamentals ... apparently the Berkmans see no profitable future in Trueposition (which is surprising and telling) ... I will be very interested to get feedback and analysis of this deal from folks in the know ... but basically, this deal was not that impressive and thus, not profitable to investors, and I was surprised by it ... biff
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